Description
Development opportunity! 9300 square feet of vacant land with an alleyway. High density rental area, perfect for residential development or Section 8 housing. Zoned R3-1/ TOC Tier 1. Buyer to investigate and confirm zoning with the city of Los Angeles. A 100% New construction -2-story -19-unit-100% affordable apartment built next door (2021 build) on an identical lot. (Buyer to investigate, sourced from city records). Seller has renderings for a 16-unit multi family apartment building. The plans have not been approved, buyer is advised to perform their own personal due diligence with regards to development potential.
Location
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Listing Agent: Steven D. Ito
Listing Office: Coldwell Banker Realty
Attribution contact: 424-280-7400
