972 Arapahoe Street

    Los Angeles (City), CA 90006
    • $2,000,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: 19503200
    UPDATED: 57 min ago
    $2,000,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T11:35:20.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98252731

    972 Arapahoe Street Los Angeles (City), CA 90006

    • Price: $2,000,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 19503200
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    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.
    Exterior Features

    Lot Size Dimensions 60X150 Lot Size Units Square Feet View See Remarks View YN Yes

    Property Features

    Association Fee 0.00 Special Listing Conditions Standard Zoning R4-1 Tier 3

    Listing provided courtesy of Dario Svidler of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T11:35:20.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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