Description
OFFERED FOR THE FIRST TIME IN 17 YEARS! 175 & 179 N Edgemont Street is comprised of Two 6-unit multifamily structures (side by-side) located in the trendy and high growth area of Koreatown. Each building sits on it's own parcel (5518-012-015 & 5518-012-016) and is comprised of a rare mix of 6 extra large Studio + Den apartment homes (12 units total); (Ample parking 14 spaces). Easy to own and operate, simple management. These two-story walk-up style complexes were built in 1940. Each unit is +- 600 square feet on average. These twin sister buildings command a corner location and are located less than half a mile to the metro station. The area boasts a healthy score of 88 on walkability providing the ideal location & crossroads for where millennials want to live, work and play. Incredible Development Opportunity: PRICED AT LAND VALUE FOR 2 CONTIGUOUS MASSIVE CORNER LOTS OF NEARLY 11,000 SQ, FT. TOTAL WITH EXTRA WIDE FRONTAGE ON BOTH STREETS. ZONED LAR3 LOCATED IN OPPOUTUNITY ZONE + BENEFIT OF A TOC TIER 3 OVERLAY + DENSITY BONUS FOR FUTURE DEVELOPMENT POTENTIAL (Buyer to conduct their own due diligence with the City of Los Angeles).
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
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7,312SQFT
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$342$/SQFT
School Ratings & Info
Description
OFFERED FOR THE FIRST TIME IN 17 YEARS! 175 & 179 N Edgemont Street is comprised of Two 6-unit multifamily structures (side by-side) located in the trendy and high growth area of Koreatown. Each building sits on it's own parcel (5518-012-015 & 5518-012-016) and is comprised of a rare mix of 6 extra large Studio + Den apartment homes (12 units total); (Ample parking 14 spaces). Easy to own and operate, simple management. These two-story walk-up style complexes were built in 1940. Each unit is +- 600 square feet on average. These twin sister buildings command a corner location and are located less than half a mile to the metro station. The area boasts a healthy score of 88 on walkability providing the ideal location & crossroads for where millennials want to live, work and play. Incredible Development Opportunity: PRICED AT LAND VALUE FOR 2 CONTIGUOUS MASSIVE CORNER LOTS OF NEARLY 11,000 SQ, FT. TOTAL WITH EXTRA WIDE FRONTAGE ON BOTH STREETS. ZONED LAR3 LOCATED IN OPPOUTUNITY ZONE + BENEFIT OF A TOC TIER 3 OVERLAY + DENSITY BONUS FOR FUTURE DEVELOPMENT POTENTIAL (Buyer to conduct their own due diligence with the City of Los Angeles).
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T23:27:38.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.