Located in the South Park District of Downtown Los Angeles, directly across from LA Live and surrounded by several development projects including the Wilshire Grand Central, which will be the tallest building West of the Mississippi.
The property was built in 1912 with a unit mix consisting of (21) singles, (3) bachelors, and (8) two bedroom units. Additionally, the property sits on a 7,525 Sq. Ft. lot with an existing C2 zoning, allowing for a Floor Area Ratio of 6:1 which can be increased up to 13:1 with the transfer of Floor Area.
The investment is ideal for redevelopment because of its exceptional location and favorable zoning allowance, or as a value-add opportunity by capitalizing on the property’s tremendous upside.