Presented for sale is a centrally located prime R4-1 lot for development in Los Angeles. Property is "ED-1 eligible site" which offers affordable housing developers amazing incentives such as unlimited density & height increase bonus, zero parking requirements, 100% increase of base FAR ratio, streamlined and faster ministerial approval process and many more. This lot boasts central location minutes to Hollywood, Silver Lake, Downtown LA or Korea Town with a WalkScore of 92/100 - walker's paradise. The neighborhood has a lot of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Property is also located inside the Opportunity Zone, which can give major tax incentives to the right developer. Current structure is a 3-unit building which will be delivered vacant. No eviction, relocation assistance or SB8 replacement of protected units/tenants necessary. This is not to be missed! Contact listing agent today!
Additional Features
- Front Yard
- Garden
- Lot 6500-9999
- Rectangular Lot
- City Lights
- Neighborhood
- Listing Status: Active
- Listing Agent: E. Jaz Pinca
(lic# 01832110)
of Orange County
- Listing Office: EJP & Associates
(lic# 02178781)
-
Based on information from CRISNet MLS as of 26th December 2024 at 4:06am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
