Price
$ 2,100,000

2823 LEEWARD AVE, Los Angeles, CA 90005  
  • 9 beds
  • 6 baths

2823 LEEWARD AVE, Los Angeles, CA 90005  

UNIQUE DEVELOPMENT OPPORTUNITY! BUILD 41 UNITS: $51,220 PER UNIT, UN-ENTITLED! SUBJECT Property is confirmed located within the brand new TOC designated qualified TIER-3 zone for a 70% DENSITY BONUS AWARD, yielding 41 residential units (10% of units Extremely low income) allowing for several on menu incentives to make this investment a monumental success! HUGE INCOME PRODUCING "UNENTITLED" lot Zoned R4-2. NO HEIGHT LIMIT! Excellent prime Koreatown adjacent location, walking distance to McArthur Park, 0.5mi to TWO METRO stations, and over 50,000 SQFT OF brand new COMMERCIAL RETAIL AMENITIES. Alternatively, a 23 unit, high end condo project can be built on this site. Immediate pocket area is undergoing massive gentrification with a minimum of 750 brand new apartment and condo units under construction. Currently 6 Tenants are living on property in a 4 unit building.

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Listing Type
Multi-Family
Listing ID
17274110
Bedrooms
9
Bathrooms
6
Listing Status
Active
Year Built
1922
County
Los Angeles
Units
4
Zoning
LAR4-2
Listing courtesy of Tannaz Kamran-Rahbar~BRE #: 00951232~Keller Williams Rlty Brentwood
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX TRI-CITY REALTY
    680 E Colorado Blvd Ste 180 Pasadena, CA 91101-6144 | Phone: (626) 683-0300
    RE/MAX TRI-CITY REALTY is licensed in the state of California CalBRE License #: 01038441
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.