Description
We are pleased to present for sale an R3-1, TOC TIER 2, development opportunity located in the highly gentrifying area of Historic Filipinotown! Due to its close proximity to Silver Lake, Echo Park, and Koreatown, this is a prime development opportunity for investors looking to capture strong rents in a highly increasing demand area. 146 N Rampart is currently a single family home=NO COSTLY TENANT RELOCATION! The home sits on a very desirable 6,877 sqft lot, meaning a developer can build 8 units by right or up to 15 units utilizing the new TOC regulations (only $78,000/door!!!). The TOC also provides for reduced parking and setback requirements (buyer to verify all zoning and TOC regulations with LADBS). 146 N Rampart has a walk score of 80 (Very Walkable), excellent for future tenants. Home to be sold As-Is. Do not miss this opportunity to build in Historic Filipinotown, one of LA's hottest neighborhoods! Contact listing agent for more details.
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3BEDS
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0.16ACRES
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2BATHS
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01/2 BATHS
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2,498SQFT
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$470$/SQFT
School Ratings & Info
Description
We are pleased to present for sale an R3-1, TOC TIER 2, development opportunity located in the highly gentrifying area of Historic Filipinotown! Due to its close proximity to Silver Lake, Echo Park, and Koreatown, this is a prime development opportunity for investors looking to capture strong rents in a highly increasing demand area. 146 N Rampart is currently a single family home=NO COSTLY TENANT RELOCATION! The home sits on a very desirable 6,877 sqft lot, meaning a developer can build 8 units by right or up to 15 units utilizing the new TOC regulations (only $78,000/door!!!). The TOC also provides for reduced parking and setback requirements (buyer to verify all zoning and TOC regulations with LADBS). 146 N Rampart has a walk score of 80 (Very Walkable), excellent for future tenants. Home to be sold As-Is. Do not miss this opportunity to build in Historic Filipinotown, one of LA's hottest neighborhoods! Contact listing agent for more details.
Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-14T15:28:31.57. 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 The Brad Korb Real Estate Group. Licensed in the State of California, USA.