Los Angeles, CA90005
5 Bedrooms | 2 baths | 2071 sqft | MLS# 25498557
Tract:
Pending $1,688,800
Description
THIS COULD BE YOUR NEXT FLIP PROJECT OR wait until it becomes RTI and pay more for it. Amazing Property! Opportunities! Located in Hancock Park/Koreatown. Near all the best of LA entertainment. Close to Los Angeles International Airport and from the freeways. The seller has too many projects on the board so until RTI is approved. Here is your opportunity to make this one your next project. So do not let it get away. The proposed project is for a four-level construction, a three-story residential structure, and one level of the parking garage, one level of subterranean plans is in place and waiting on approval for a potential 14 dwelling units, including two units reserved for affordable income households and the remaining 12 market-rate units. The unit mix will be comprised of (4) studio-bedroom units, (1) one-bedroom units, and (9) two-bedroom units. Also 885 sq. ft of roof decks and 625 sq. ft of common open space with 200 sq. ft of private balconies. Zoned R3-1 on an 11,859 sq. ft of floor area. DISCLAIMER: The information provided above relating to potential development is our interpretation of the current development laws. We are not making any representation or guarantee as to the accuracy of the information. A prospective buyer/developer should conduct their own independent investigation of the development potential of the site and verify all of the information provided above. Sold AS-IS
Facts
Single Family Residence | Built in 1926 | Lot Size: 7477.00 sqft | HOA Dues: $0/month
Features
Listing provided by Dana Park, VIP Premier Realty Corp
Based on information from California Regional Multiple Listing Service, Inc. as of April 13, 2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.