Overview
- Apartment
- 0
- 1921
Description
An exceptional opportunity in the heart of Koreatown, one of Los Angeles’ most vibrant and supply-constrained rental markets. This triplex sits on a 9,024 SF lot and offers two compelling paths: immediate income generation through rental or redevelopment into a fully RTI-approved 46-unit, 100% affordable housing project. The existing 3,771 SF structure is delivered vacant, allowing an investor to lease and generate high cash flow in the near term or proceed directly with construction. The approved plans significantly reduce entitlement risk and accelerate timelines for developers seeking a shovel-ready project. Located near major employment hubs, transit, dining, and retail, the property benefits from strong rental demand and long-term growth fundamentals. An ideal opportunity for investors and developers looking for either stable cash flow or a high-density affordable housing development in a prime Los Angeles location.
Address
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- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90004
Details
Updated on January 8, 2026 at 1:08 am- Property ID: HZSR25093860
- Price: $1,990,000
- Garage: 0
- Year Built: 1921
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Rana Khanjani
- DRE #: 02021891
- Contact Mail: rana@syncbrokerage.com
- Brokered by: Sync Brokerage
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