Property Detail

Description

SELLER WILL FINANCE 70%-80% LTV. Build in a "hip" Opportunity Zone near Culver. CM (R3) Zoning allows for many permitted uses. CREATIVE/OFFICE, FLEX SPACE, RESTAURANT/BAR, APARTMENTS, CONDOS. "You name it..."Highly-visible, "heart of LA" location - minutes to Mid Wilshire, Beverly Hills, Culver City, Santa Monica, K-Town and DTLA. 5,490 SQ. FT. LOT - it goes street-to-alley, facilitating development AND immediately ready to be reimagined. The CM zoning allows for many commercial uses and also allows for R3-zoned product aka apartments a/o condos. Tier 3 Density Bonus eligible - you get a 70% density bonus when building apartments/condos/townhomes. APN: 5046-006-002 EXCLUSIVELY LISTED AT $1,499,000 REDUCED $250,000 NEW PRICE OF $1,249,000 BRING ALL OFFERS - SELLER WANTS QUICK CLOSE. SELLER WILL FINANCE!!