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1047-1053 Fedora St
Los Angeles, CA 90006
40 Unit Development Site In Koreatown, RTI · Land For Sale
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0.27 AC
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 0.27 AC |
| Zoning | R4-1 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.27 AC |
| Zoning | R4-1 |
Description
***BEST PRICED RTI DEVELOPMENT DEAL ON THE MARKET!!!!**** PRIME KOREATOWN VALUE ADD DEVELOPMENT OPPORTUNITY - Exclusively listed by Tannaz Rahbar of KW Realty, Brentwood. Within half a block south of Olympic Boulevard: Vacant Land, DOUBLE LOT Zoned R4-1, 92' x 128' (APNs: 5078016009 / 5078016010), completely RTI (including MEP) for a first class 40 UNIT MULTIFAMILY Ground up Development. Priced to sell at $87,500/door ($296/sqft of land)!! Alternatively, at this land price and with this large lot size, plans can be redrawn for a 50 UNIT DEVELOPMENT (PER TOC TIER3) with generous sized units for added value at $70,000/unit. Total Gross buildable approx 50,155 sqft. UNIT MIX: 4 Studios, 28 units 1bed/1bath, 8 units 2bed/2bath. Please contact Listing Agent for full RTI plans, docs and info.
Property Taxes
| Parcel Number | 5078-016-049 | Improvements Assessment | $8,100,000 |
| Land Assessment | $3,402,330 | Total Assessment | $11,502,330 |
Property Taxes
