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972 Arapahoe Street
Los Angeles, CA 90006
$2,000,000
MLS# 19-503200 | ID: 60469463

Property Description

Lots and Land - Los Angeles (City), CA Koreatown Development Opportunity with NO Rent Control and high density possibilities. This 9,000 SF lot features 60 feet of frontage and 150 feet of depth. 22 Units are allowed by right, but up to 40 can be built utilizing TOC, which can reduce parking requirements to half a parking space per unit - all the better for being under one mile to two Metro Red & Purple Subway Stations. Two blocks to a Food4Less, half a mile to Park's BBQ, 0.6 miles to Rodeo Grill and 0.8 miles to Langer's Delicatessen, this neighborhood is a wonderful mix for those who want it all! Hop on a scooter and be at the Metro Subway station in no-time, with access to practically everything and anything from there. The Sellers have a Project Concept available that beautifully utilizes the space to house 15 One Bedrooms and 25 Two Bedrooms, and provides 31 parking spaces (which brings the parking available to quite a bit higher than the 20 required by TOC). Sold un-entitled as raw land.

Property Features

Property Type Land
Approx. Lot Size .21 Acres

John Aaroe Group

150 S Rodeo Drive #100
Beverly Hills, CA 90210
Phone: (310) 272-8002
For more details and photos, visit:
http://hnl.to/m/60469463