EXCELLENT REDEVELOPMENT POTENTIAL WITH STRONG INCOME PROFILE! This Koretown property is zoned R-4 and located within a TOC Tier-3 transit incentive area, offering significant development value near major transit routes. Currently generating $55,380 in gross annual rental income, making it a smart "hold-while-you-plan" opportunity - cash flow positive during entitlement… Read More and pre-development phases. With R-4 zoning and Tier-3 incentives near public transit, this site presents an attractive hold-and-develop investment. Seller is MOTIVATED & OPEN to discussions, with a positive intent to sell. Serious and well-qualified inquireis and offers are welcomed! Read Less
Property listed by Urban Real Estate, Inc., Yong Su Koh 213-318-0777
Listing Snapshot
Days Online
0
Last Updated
Beds
3
Square Ft.
1,772
Lot Size
0.14 Acres
Year Built
1923
MLS Number
26642179
Additional Details
Building
Built in 1923, Living area: 1772.0, 2 buildings, Levels: One
Income
Gross Income: $55,380, Net Operating Income: $40,000
Lot
0.1358 acres
Parking
Assigned
Taxes
Parcel Number: 5078005006, Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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