Residential Income - Los Angeles, CA

RTI 30-Unit Development site in one of the hottest up and coming Opportunity Zones of North Westlake, just south of Silverlake with views of Downtown Los Angeles and Koreatown skylines. Existing 4plex is deliverable VACANT at no cost to Buyer and NEVER before seen pricing of $80,000 per unit!! R4 zoning with a TOC III Density Bonus of 70% \/w alleyway access and faces 4th St which provides a clear view of the World-Renowned Downtown Los Angeles Skyline. Plans call for a 6-story apartment with 3 dedicated low income units, rootftop access with views of Downtown, 1 level subterranean parking with 1 on-grade level parking. Once built and fully stabilized, subject property will command great demand given the location pulling in renters from Koreatown to the West, Silverlake to the North, USC to the South, and DTLA to the East. Great location to get grant money and low income credit to build low income affordable housing.