214 N Berendo St
Los Angeles, CA 90004
KTown - 15K R3-1 Tier 4 - Dev. Opp. · Land For Sale
·
0.17 AC
Investment Highlights
- 15,000 SF Double Lot - R3-1 Tier 4 - 100 Feet of Frontage
- Sellers Submitted for a 31 Unit Project
- A block from Beverly / Vermont Metro Station
- Perfect lot to build Affordable Housing and maximize density for Highest and Best Use!
- Go Affordable with AB1763 and AB2345 and Potentially Build Many More Units
- Surrounded by nightlife, restaurants, shopping, etc…
Property Facts
| Property Type | Land | Total Lot Size | 0.17 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | |||
| Zoning | R3-1 Tier 4 - Build an Affordable Housing Project and Maximize Density. Near Metro Station. | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.17 AC |
| No. Stories | 1 |
| Zoning | R3-1 Tier 4 - Build an Affordable Housing Project and Maximize Density. Near Metro Station. |
Description
Partners CRE are proud to exclusively present for sale a Redevelopment Opportunity in the Koreatown! Among the most in-demand neighborhoods for people and right in the middle of everything, this property can benefit tremendously from it’s proximity to the Metro Red Line Station at Beverly and Vermont, 0.2 Miles away. The Sellers have submitted for a 35 Unit Project on this double-lot with 100 feet of frontage, but a Buyer could utilize AB2345 and AB1763 to maximize the units to be built, as the only restriction would be FAR! Take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land! Your tenants will be able to rely on human locomotion or the Red Line for any and all needs that may present themselves. Surrounded by nightlife, restaurants, shopping and more, this property is central to all! The existing SFR and Duplex will be delivered vacant! This property is located in a Qualified Opportunity Zone! Transaction includes 2 APNs: 5518-026-007 & 5518-026-008
Property Taxes
| Parcel Numbers | Improvements Assessment | $408,000 | |
| Land Assessment | $2,376,702 | Total Assessment | $2,784,702 |
Property Taxes
