Residential Income Details
PRIME KOREATOWN VALUE ADD DEVELOPMENT OPPORTUNITY - Within half a block south of Olympic Boulevard: Vacant Land, DOUBLE LOT Zoned R4-1, 92 x 128' (APNs: 5078016009and5078016010), completely RTI and SHOVEL READY for a first class 40 UNIT MULTIFAMILY Development. Priced to sell at $87,500/door ($296/sqft of land)!! Alternatively, at this land price and with this large lot size, plans can be redrawn for a 50 UNIT DEVELOPMENT (PER TOC TIER3) with generous sized units (average 650 sqft) for added value at $70,000/unit. Gross buildable approx 50,155 sqft. MIX: 4 Studios, 28 units 1bed/1bath, 8 units 2bed/2bath.
|Number of Units||40|
|Listing Brokerage||Keller Williams Rlty Brentwood|
|Listing Agent||Tannaz Kamran-Rahbar|
|Listing Agent BRE #||00951232|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 4, 2018.
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