Introducing this excellent investment opportunity to redevelop this single family home with the already approved plans for a 7 bedroom, 3.5 bathroom single family home or build a multi unit! Home has been completely gutted and is ready to develop. There is a newly built 2 car garage on the property to use for parking, storage or even convert into another living space for additional income (upon city approval). With just a quick 5 minute walk to downtown Los Angeles shopping, restaurants, hotels and entertainment, this could also be an ideal investment as a short term rental such as airbnb. This property is zoned Tier1 R3 Transit Oriented Communities (TOC) with TOC guidelines providing for reduced parking and setback requirements. (Buyer and buyer's agent to do their due diligence and verify all zoning and TOC rules and regulations with the Los Angeles department of Building and Safety).
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