COVERED LAND PLAY / DEVELOPMENT POTENTIAL NEAR CONVENTION CENTER & MAC ARTHUR PARK! 2 large lots of over 15,000 SF with 2 APNs in Pico-Union. LAR4 Tier 3 TOC zoning = potential to build up to 63 units using the TOC incentive. 94 Walk Score! This is an excellent "value-add" opportunity and covered land play in an improving location bordering Koreatown. 75% UPSIDE IN RENTS! Currently 12 charming, garden style units built in 1941, all 1 bedrooms that avg. 690 SF each. The property is professionally managed, well manicured and fully gated with secure entry. Rear alley with 12 garage parking spaces (some rented). The property passed SCEP in 2021 and is 100% occupied. *Must Be Sold Together with 945 S. Park View, LA 90006 which is 6 units around the corner* Contact listing agent for a full marketing package.
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