Thrive California

2823 LEEWARD, Los Angeles (City), CA 90005

  • price: $2,300,000
  • SqFt:
  • type: Land
  • MLS#: 121129653602
  • status: Sold
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PROPERTY IS IN ESCROW. LOOKING FOR BACK UPS. BUILD 41 UNITS: $47,200 PER UNIT, UN-ENTITLED! UNIQUE DEVELOPMENT OPPORTUNITY! SUBJECT Property is confirmed located within the brand new TOC designated qualified TIER-3 zone for a 70% DENSITY BONUS AWARD, yielding 41 residential units (10% of units Extremely low income) allowing for several on menu incentives to make this investment a monumental success! HUGE INCOME PRODUCING "UNENTITLED" lot Zoned R4-2. NO HEIGHT LIMIT! Excellent prime Koreatown adjacent location, walking distance to McArthur Park, transportation and over 50,000 SQFT OF brand new COMMERCIAL RETAIL AMENITIES. Alternatively, a 23 unit, high end condo project can be built on this site. Immediate pocket area is undergoing massive gentrification with a minimum of 750 brand new apartment and condo units under construction. OM ATTACHED.

More Details

Lot Size in Square Feet: 9,514
Year Built:
Pool: Yes
Has Garage: No
Scott Ferrell

Hi, my name is Scott. How may my team help you?

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310-855-3415 | 805-497-6661 | 818-587-8182 | CA BRE Lic 01343907

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Listing Agent: Tannaz Kamran-Rahbar Listing Office: Keller Williams Rlty Brentwood