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- LoopNet Team
165 S Catalina St
Los Angeles, CA 90004
4 Unit Multifamily · Land For Sale
·
0.19 AC
INVESTMENT HIGHLIGHTS
- City Lights
- Largest lot for sale
- Flat lot
- Views of Hollywood Hills, DTLA, Koreatown High rises
- Priced to be lowest price per buildable unit
- R3 TOC III Opportunity Zone
PROPERTY FACTS
DESCRIPTION
PRICE REDUCTION!! Now the cheapest price per sq ft and cheapest per MAXIMUM buildable unit utilizing TOC III R3 zoning. Developer has the right to build 10 units BY right or 19 with TOC Density Bonus. This is the largest lot for sale with this zoning in the immediate area and now for the lowest price!! Developer can choose to build large 3 story townhome style small lot subdivision Single Family Residences. Average comps for similar product is $975,000 of multi-level condo with parking on bottom and sometimes rooftop patio. Developer also has the opportunity to build 19 units with TOC(decent sized 800SF+). Koreatown is an exceptionally strong market due to its economic activity in the region, with less than a 15 minute commute to Downtown Los Angeles, Silverlake, Echo Park, Hollywood & more. Not to mention the PHENOMENAL amenities this part of town has to offer. Existing building includes a 4plex with tenants. Largest lot size of 8309 with R3 zoning in the OPPORTUNITY ZONE. You do NOT want to miss out on this deal!!
PROPERTY TAXES
| Parcel Number | 5518-020-011 | Improvements Assessment | $348,173 |
| Land Assessment | $800,802 | Total Assessment | $1,148,975 |
PROPERTY TAXES
