Description
Incredible Development Project!!! Situated in a OPPORTUNITY ZONE, this property is perfectly located in the thriving revitalized area of Macarthur Park/Westlake where currently there are a number of new apartment developments just completed. This property, which sits on a above average R4 zoned Lot is also located in a Trans Oriented Community (TOC) Tier 3 which allows the development of a brand new 30 units apartment building, 6 stories and 1 basement with a roof top using the 70% Bonus Density. Only 3 affordable units would be required of the 30 proposed units. Current tenants are month to month. Motivated seller!
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Incredible Development Project!!! Situated in a OPPORTUNITY ZONE, this property is perfectly located in the thriving revitalized area of Macarthur Park/Westlake where currently there are a number of new apartment developments just completed. This property, which sits on a above average R4 zoned Lot is also located in a Trans Oriented Community (TOC) Tier 3 which allows the development of a brand new 30 units apartment building, 6 stories and 1 basement with a roof top using the 70% Bonus Density. Only 3 affordable units would be required of the 30 proposed units. Current tenants are month to month. Motivated seller!
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.