This is an opportunity to purchase a development site for 19 Units located at 545 S. Serrano Ave in Los Angeles, in prime Korea Town, California on a 7,747 SF lot zoned LAR4 with an FAR of (6). Priced at $2,695,000, this site could be an excellent Multi-Family Development Project in a solid B Location which is perfectly suited for a high density development of 19 Units or a 19 unit condo development site. This development site is located in the heart of Korea town. At the corner of Western and 6th St, this prime location is walking distance from many restaurants, tourist attractions, public transportation, schools, jobs, markets, and shopping in this prime Korea town submarket. Developer can build 19 Units. Plans have already been submitted to the City of LA. RTI Ready / Shovel Ready. Developer Can Break Ground Immediately!
Listed by Arthur Arejian, Arthur Arejian, BrokerCLAW #17238886APN: #5503020008
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