146 N Berendo Street
Los Angeles, CA 90004
0.17 acres | #25477901
Description
Prime development opportunity located in Korea Town within Qualified Opportunity Zone. Vacant 7,500sf flat lot, zoned R3-1, Tier 3 TOC, presents an amazing opportunity to develop up to 59-units affordable housing project with NO parking requirements or up to 30 units (mostly market rate units) under the new CHIP program. The land comes with an approved set of plans with ready to issue permits (RTI) to build a 15-unit apartment building over a single level subterranean garage. This site is located within a few minutes walking distance to Vermont/Beverly Metro Station (B-Line) and is otherwise centrally positioned within a highly densely populated neighborhood with high demand for rental units.
Property Details
- CountyLos Angeles
- Original List Price$1,375,000
- Property TypePurchase
- MLS #25477901
- MLS #25477901
- Cost1375000
- Acres0.1722
- Property SubtypeLand
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Vlad Gold (#CLW-X54121)
Listing Office: Gold Group Realty, Inc. (#CLW-X82371)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
