We are pleased to present for sale an R3 (TOC Tier 3), development opportunity located in the heart of KOREATOWN! This is a prime opportunity to build on an oversized lot less than half a mile from the Wilshire/Western Metro station, CGV Cinemas, and all the shopping and dining Koreatown has to offer! The proximity to local amenities and easy access to transportation makes this an ideal investment for developers and investors looking for top rents! Lot size is approximately 10,113 sqft, meaning a developer can build 12 units by right or up to 23 units utilizing the new TOC regulations. Home is currently being run as a pre-school. Many options to collect cash while going through the lengthy permitting process: AIRBNB, short-term rentals, or run your own pre-school! Don't miss this opportunity to build in one of the hottest areas of Los Angeles! No tenant relocation or rent control here! Buyer to verify all zoning and regulations with LADBS and the city of LA.
Contact - Listing ID 19479082