Los Angeles, CA 90029
$1,024,900
Multifamily development opportunity situated on an approximately 6,750 square foot lot within an Opportunity Zone. The property had a proposed five story, 30 unit residential project totaling approximately 15,450 square feet. The unit mix included studio, one bedroom, two bedroom, and three bedroom residences, with a portion of the units designated as affordable housing including TOC Tier 4 incentives. Located near the Vermont and Santa Monica Metro station and Los Angeles City College, the property offers potential for a future multifamily development.
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Listed by Philip Boroda, Coldwell Banker Realty