Commercial For Sale | Land | Multifamily
2859 Francis Avenue . Mid City , CA 90005
Asking price per Acer,$13,633,430. For sale:4 parcel assemblage for a large development in Korea town Los Angeles, CA. For more information please contact the listing agent, Dario Svidler 424-324-6304
Posted: 03/04/2020 6:25 pm
| On HOMEiZ: 1516 days |
Updated: 4 years ago
| Views: 841
Location Map
Property Type
Sold
Property Price
$7750000
N/A
0.755%
Property Location & Description
Asking price per Acer,$13,633,430. For sale:4 parcel assemblage for a large development in Korea town Los Angeles, CA. For more information please contact the listing agent, Dario Svidler 424-324-6304
Presented for sale is a 4-Parcel Assemblage in prime Koreatown. With a combined lot size of 27,000 SF and R4-2 (Tier 3 TOC) zoning, this site perfectly lends itself to be a prime development opportunity.
The buildings on the lot, which currently hold nine units, have already been Ellis’d and will be delivered vacant! Developers can build 67± units by right and 116± units using a TOC density bonus. The project site is situated just three blocks from the legendary Park’s BBQ, positioned in the heart of Los Angeles’ Koreatown District.
Around the corner from the Metro Station at Wilshire and Vermont, this location provides residents with direct access to an abundance of public transit options, nightlife, restaurants, coffee shops and much more in this burgeoning K-Town pocket.5 Blocks to the Metro Red and Purple Line Stop at Wilshire/Vermont
200 Feet of Frontage by 135 Feet of depth
Electricity/Power is available
Water is available
Telephone is available
Cable is available
Gas/Propane is available
R4
With a combined lot size of 27,000 SF and R4-2 (Tier 3 TOC) zoning, this site perfectly lends itself to be a prime development opportunity.
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Surrounded by fast and fine dining
Surrounded by nightlife
Lot Details
Details #1
$13633430
Price/AC
0.62
Acres
Contact Listing Agent%
67
Sewer
Sewer System (Public)
Neighborhood lifestyle
Young Single upwardly
Urban Core
More information
Listing Presented by
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