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Listed by Rana Khanjani • Sync Brokerage
$2,200,000
Est. payment /mo
9,024 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 9,024 sqft
Price per Sqft $243
MLS Listing ID CRSR25079690
HOA Y/N No
Lot Size 9,024 Sqft
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Prime Koreatown development opportunity with RTI permits fully delivered for a 46-unit affordable housing developement. The 9,024 SF R3-zoned lot is approved for 2 two-bedroom, 36 one-bedroom units and 8 studios, totaling approx. 15,703 SF of rentable space and 20,510 SF of gross building area. Projected monthly income is approx. $109,072 based on HACLA Section 8 rents. Located in a high-demand, transit-accessible area near Metro lines, major employers, and endless dining and retail. Strong potential for long-term cash flow and value appreciation
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
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