UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $585
MLS Listing ID PW26164705
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1900
Lot Size 6,507 Sqft
Property Sub-Type Single Family Residence
Property Description
The seller is also open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots. The combined site area is approximately 32,500 square feet, making it an excellent opportunity for an affordable housing development in a prime location.
The seller is currently pursuing entitlements with the HPOZ and the City Planning Department for a 100% affordable housing apartment project. The current proposal submitted to the City is for approximately 175 residential units.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Rooms
Main Level Bedrooms 2
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Washer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks, Urban
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5075010006
Acceptable Financing Cash, Conventional, 1031 Exchange, Government Loan, Lease Option, Land Use Fee
Listing Terms Cash, Conventional, 1031 Exchange, Government Loan, Lease Option, Land Use Fee
Special Listing Condition Standard
