Redevelopment Opportunity

Highlights:

• Ideal for investors and developers with a lot size of 6,362 sqft, zoned for multiple residential and commercial uses.
• Features a single-family residence with 2 beds, 1 bath
• Zoned LAR3, suitable for multiple dwellings and child care facilities, subject to city verification.
• Located in the vibrant Wilshire Center neighborhood, with a Walk Score of 89 and a Transit Score of 66.
• Proximity to amenities like dining, shopping, and recreational facilities enhances tenant appeal.
• Dominated by rental properties, making it an attractive investment for developers and owner-users.
• Offers excellent access to freeways and the Metro Line, situated in a high-traffic area with strong accessibility and visibility.
• Part of an area experiencing considerable growth, likely benefiting from ongoing development.

Description:

We are pleased to present this unique opportunity ideally suited for investors and developers. Situated on a 6,362 sqft lot zoned for various residential and commercial uses​, the property currently features a single-family residence with 2 beds 1 bath. This presents a great opportunity for developer/investor or owner/user to build additional units on the property, expanding its potential and maximizing the lot square footage. Zoned LAR3, potential to build units such as Multiple Dwellings (R2 Uses), including Apartment Houses, and Child Care facilities (Subject to city approval). Prospective buyers are advised to check with the city to verify all permits and usages to ensure compliance and feasibility for their intended development plans.

Easy access to freeways and Metro Line. This location is known for its heavy traffic, indicating strong accessibility and high visibility.

A dynamic mix of residential and commercial properties with high population density

The area has experienced considerable growth in recent years. Properties in this area are likely to benefit from ongoing development.