Description
Located in Prime East Hollywood is this ready-to-issue (RTI) 17 unit multi-family development site that sits in an Opportunity Zone. The building will be comprised of 9 studios, 6 two-bed & two bath, and 2 three-bed & two-bath homes. This project will be delivered Ready-to-Issue with the possibility of having 4 Affordable Units with no Rent Control or 3 Affordable Units with Rent Control. The project offers developers the opportunity to build four-stories on top of an on grade podium which would house 9 parking spaces. The project site, which currently houses a vacant duplex, is situated just a half-mile away from the Vermont / Beverly Metro Subway Station, and is bordered by East Hollywood to the north, Silver Lake to the northeast, and Koreatown to the south.
Property Features
- Project Sold Fully RTI (Ready to Issue)
- Less than $73,000 per buildable door
- Located in Opportunity Zone
- 17 Total Unit Residential Project (currently a vacant duplex on site)
- Opportunity to Build Four Stories on Top of an On-Grade Podium
- Nine Separate Studios
- Six Two Bedroom/Two Bathroom Models
- Two Three Bedroom/Two Bathroom Models
- Many Homes with Private Outdoor Space
- 3 or 4 Units Reserved for Affordable Housing
- 9 Parking Spaces
- Located 1/2 Mile from the Vermont/Beverly Subway Station Near Los Angeles City College with Easy Access to the 101
- Surrounded by Shops, Restaurants, Nightlife with a Great Walk Score of 77 (Very Walkable)
