Description
We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting, and will be delivered vacant in rent-ready condition. The unit mix consists of all one bedroom/one bathrooms. A new buyer has the ability re-position the asset and build up to 18 units by right, and up to 34 units using TOC incentives.
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8BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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5,322SQFT
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$423$/SQFT
School Ratings & Info
Description
We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting, and will be delivered vacant in rent-ready condition. The unit mix consists of all one bedroom/one bathrooms. A new buyer has the ability re-position the asset and build up to 18 units by right, and up to 34 units using TOC incentives.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.