Excellent opportunity to remodel this classic Craftsman home in Koreatown or build a new one. The current lot size is approximately 6,752 sq ft, zoned LAR4. Possibility for a developer to build 16 units by right or up to 29 units using TOC incentives. TOC incentives allow for reduced parking, setback requirements and increased density options. Lot dimensions are ~50 ft by 135 ft. Buyer to verify all zoning and TOC guidelines with LADBS. Do not miss this prime opportunity to build on one of the last remaining undeveloped R4 lots in Koreatown! The house in front is 1,900 sq ft with 3bd/2ba. There is a separate 800 sq ft permitted 2-story rec room at the rear of the property that was built in 1986 and could possibly be converted into an ADU. Currently tenant occupied. Do not walk on property.

3 bed + 2 bath

1,902 SF | 6,752SF Lot

Offered at $1,250,000

Interested in seeing this home? Email us at info@localregroup.com to set up an exclusive appointment!

Listed by Eugene Ridenour (DRE 01352359)