This 27,155 sq ft, Tier 3 TOC lot is in the quickly developing City West neighborhood and comes with preliminary plans for a 110 unit multi-family development. Easy access to metros, public transportation, freeways, shops, restaurants, schools and all the amenities and excitement of DTLA makes this a prime location.
The property is unentitled but preliminary plans include 110 units (11 low income) with a good unit mix: 38 spacious 1-bedrooms, 28 singles, 38 2-bedrooms and 6 3-bedroom units. Anticipated rents range between $3.29 and $4.20 PPSF. The plans include 130 parking places.
A developer can bring their ideas to life with a blank un-restricted property. While current plans call for 110 units, a builder could opt for a mid rise or high rise too, if they wish.
*Buyer to do all their own due diligence.