Property
| Ownership: | For Sale |
|---|---|
| Area: | 8001 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$1,300,000
Listing Courtesy of EstateX inc.
553 N Heliotrope Dr Mid Wilshire La
Description
Attention builders, developers, and savvy investors! Here is a rare, high-yield opportunity to break ground on a premier multi-unit project in one of Los Angeles' highest-demand rental markets, situated minutes from Silver Lake, Hollywood, Koreatown, Hancock Park, and Downtown LA. This prime LAR3 zoned lot comes with architectural plans for a modern development featuring three separate buildings totaling 5 premium units, positioned perfectly to capture strong local rental demand. According to the seller, the site is slated to be RTI in just two months according to the seller. Furthermore, current LAR3 zoning offers the enticing potential to maximize the site up to 10 total units (buyer to verify all development guidelines). Full architectural plans are available upon request. Do not miss the chance to lock down a project in a rapidly growing, centrally located transit hub before it's gone.
Neighborhood
More listings:
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
