Prime development opportunity located in Korea Town within Qualified Opportunity Zone. Vacant 7,500sf flat lot, zoned R3-1, Tier 3 TOC, presents an amazing opportunity to develop up to 59-units affordable housing project with NO parking requirements or up to 30 units (mostly market rate units) under the new CHIP program. The land comes with an approved set of plans with ready to issue permits (RTI) to build a 15-unit apartment building over a single level subterranean garage. This site is located within a few minutes walking distance to Vermont/Beverly Metro Station (B-Line) and is otherwise centrally positioned within a highly densely populated neighborhood with high demand for rental units.
Property Details
Price:
$1,375,000
MLS #:
25477901
Status:
Active
Baths:
0
Address:
146 N Berendo Street 5518027003
Type:
Land
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Jan 7, 2025
State:
CA
ZIP:
90004
Lot Size:
7,502 sqft / 0.17 acres (approx)
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- Address146 N Berendo Street 5518027003 Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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Courtesy of Gold Group Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.146 N Berendo Street 5518027003
Los Angeles, CA
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