417 N Kenmore AVE Los Angeles, CA 90004

PRICE REDUCED! We are pleased to present for sale a R3, TOC Tier 3, development opportunity located within a qualified Opportunity Zone less than half a mile from the Vermont/Beverly Metro station! Located in the highly walkable Mid-Wilshire neighborhood of Los Angeles, this ~6,931 sqft corner lot + Alley offers a developer the opportunity to build 9 units by right or up to 17 units using TOC Incentives. The site may also be a great opportunity for fourplex or small lot subdivision. Lot dimensions are 66 by 105 sqft, situated on a corner lot PLUS an alley = optimal for design efficiency and parking access! Subject property is currently a vacant land, meaning no dealing with rent stabilization (RSO) or tenant relocation + save money on demolition costs! No tenants have been occupying the property/no utility usage for the last 5 years meaning the property should be EXEMPT from the SB 8 low income replacement requirement!!! (Buyer to Verify) The property lies in close proximity to Echo Park, Silver Lake, Koreatown, Downtown LA, and much more! Lots of new development in this immediate pocket. Do not miss this opportunity to build in a high rental demand area close to restaurants, bars, shopping, and transportation. Buyer to verify all zoning information with LADBS. Contact listing agent for more details!