Arthur Arejian and Jared Passin of Vanguard Investments Inc, as exclusive listing agents, are pleased to present an opportunity to purchase a 23 Unit Development Site located at 921-925 S St Andrews Pl, Los Angeles, CA 90019. Sitting on a 10,006 SF Lot Zoned LAR3.
Priced at $2,475,000 this site is an excellent Multi-Family Development Site in a Prime Koreatown Location. Plans have been fully developed and will be delivered RTI / Shovel ready by the close of escrow. The project is situated on two (2) parcels of land totaling approximately 10,006 square feet. The property has TOC Tier 3 Density bonus allowing for reduced parking requirements.
This development site is located in the heart of Koreatown near the corner of Western Ave and 9th St. This site is just N of Olympic and W of Western Ave. This prime Koreatown location is walking distance from many restaurants, tourist attractions, public transportation, schools, jobs, markets, and shopping in Los Angeles. This coveted location is in the heart of Koreatown’s acclaimed dining, arts, entertainment, and culture. Developers are flocking to the Koreatown submarket as demand for quality rental housing in Downtown LA adjacent neighborhoods continue to raise at unprecedented rates.
