Description
Seller Motivated - Bring Offer. Fantastic development opportunity in trendy, rapidly growing Glassell Park, adjacent to Atwater Village, Silver Lake and Highland Park. Property is VACANT, currently improved with one single family home. Can be delivered with plans for a 4 story, 10 unit multi-family building. The project was designed for stick built (non-structural stick over podium) OR modular construction (faster and cost-effective build). Prefab construction bid in place. Minutes away from Frogtown, LA River Revitalization Project and the heart of burgeoning and hip Atwater Village. Located in an Opportunity Zone and State Enterprise Zone. Estimated timeline for RTI is Q3 2023. Current plans are for: 6 x 3BD; 3 x 2BD; 1 x 2BD attached ADU; all parked, above grade, no subterranean. Also potential to subdivide into 5 small lot homes.
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Attribution contact: 818-905-2400
Listing Agent: Kay Sasatomi
Listing Office: NAI Capital Commercial Inc.
