Amazing investor/developer opportunity in Koreatown! Existing 2-bed 1-bath + bonus room Craftsman-style home built in 1910. This property sits on 4,801 lot and is zoned Lar3 which can be legally converted into a 6-unit apartment. But with the Tier 3 Bonus Density, a potential 3 additional units can be added, turning it into a 9-unit apartment building. The majority of this street are all apartment buildings. Area is booming with new construction and development, and this land is highly desirable for huge upside in ROI. For those not looking to develop, the property needs some cosmetic work and has a lot of existing charm and character details inside the spacious Craftsman property. Detached 2-car garage towards the back of the lot also needs work and repair.
Listing Agent: Daniel Poon 01897213 Courtesy of: EXp Realty Of California Inc "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.
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Updated: 2nd October, 2022 11:09 PM (UTC)