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Listed by Anie Mayelian, DRE #00778825 • Equity Union
$ 1,875,000
Est. payment | /mo
7,369 Sqft Lot
$ 1,875,000
Est. payment | /mo
7,369 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CNSR21175261
Lot Size 7,369 Sqft
Property Sub-Type Other Residential Land
Source CRISNet
Property Description
We are proud to present for sale the soon to be Ready-to-Issue 19 Unit non rent controlled development project in Koreatown. Gross Proforma Income of $530,912. Conveniently located near the Wilshire/Western Metro Subway Station, surrounded by Koreatown, Silver Lake, Hollywood and Downtown. The beautifully designed 5-story construction project is over a 1 level of basement parking garage. The development consists of seventeen 2 bedroom & 2 bathroom units and two 3 bedrooms & 2 bathroom units. The building will have a rentable/living area of around 15,400 SF and the apartments will range from 728 SF to 1,110 SF. The building will have 22 parking spaces. Also the project will have 1 Extremely Low Income unit and 2 Very Low Income units. Currently no structures on the lot. Located on the corner of 4th and Kingsley.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning D0,LW
Exterior
View City Lights
Building
Water District - Public
Others
Tax ID 5503007001
Special Listing Condition Not Applicable
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