We are proud to present for sale the soon to be Ready-to-Issue 19 Unit non rent controlled development project in Koreatown. Gross Proforma Income of $530,912. Conveniently located near the Wilshire/Western Metro Subway Station, surrounded by Koreatown, Silver Lake, Hollywood and Downtown. The beautifully designed 5-story construction project is over a 1 level of basement parking garage. The development consists of seventeen 2 bedroom & 2 bathroom units and two 3 bedrooms & 2 bathroom units. The building will have a rentable/living area of around 15,400 SF and the apartments will range from 728 SF to 1,110 SF. The building will have 22 parking spaces. Also the project will have 1 Extremely Low Income unit and 2 Very Low Income units. Currently no structures on the lot. Located on the corner of 4th and Kingsley.
- Lot description:Item01UnitAcre
Type & Style
- Property type:Purchase
Utilities / Energy Details
- Utility source:Public
Community and Neighborhood Details
- County:Los Angeles
- Original List Price:$1, 875, 000
- Buying Agency Compensation:2.500
- MLS #:SR21175261
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Last Updated: . Source: CRMLS
Listing Agent: Anie Mayelian (#F207056634)
Listing Office: Equity Union (#F8595001)
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