Description
This 10 unit apartment complex is in the heart of many large developments in the Koreatown area including the 31 story, 644 apartment project on Wilshire and Hoover. Down the street from brand new condos for sell as well as directly adjacent to the new Gateway project on 8th set to break ground in August of this year. A savvy investor could build up to 48 units with TOC tier 3. This quarter of an acre lot on the corner of Leeward and Magnolia allows for easier access for parking layouts and is zoned R4-2 with no height restrictions. The lot is also 70 feet wide compared to the average 60 foot on the block. An investor could purchase and hold knowing well-zoned land is becoming harder to come by.
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
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5,558SQFT
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$485$/SQFT
School Ratings & Info
Description
This 10 unit apartment complex is in the heart of many large developments in the Koreatown area including the 31 story, 644 apartment project on Wilshire and Hoover. Down the street from brand new condos for sell as well as directly adjacent to the new Gateway project on 8th set to break ground in August of this year. A savvy investor could build up to 48 units with TOC tier 3. This quarter of an acre lot on the corner of Leeward and Magnolia allows for easier access for parking layouts and is zoned R4-2 with no height restrictions. The lot is also 70 feet wide compared to the average 60 foot on the block. An investor could purchase and hold knowing well-zoned land is becoming harder to come by.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.