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146 N Berendo St Los Angeles, CA 90004
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Key Details
Sold Price $1,275,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25-477901
Sold Date 05/26/25
Lot Size 7,502 Sqft
Acres 0.1722
Property Description
Prime development opportunity located in Korea Town within Qualified Opportunity Zone. Vacant 7,500sf flat lot, zoned R3-1, Tier 3 TOC, presents an amazing opportunity to develop up to 59-units affordable housing project with NO parking requirements or up to 30 units (mostly market rate units) under the new CHIP program. The land comes with an approved set of plans with ready to issue permits (RTI) to build a 15-unit apartment building over a single level subterranean garage. This site is located within a few minutes walking distance to Vermont/Beverly Metro Station (B-Line) and is otherwise centrally positioned within a highly densely populated neighborhood with high demand for rental units.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAR3
Exterior
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Others
Special Listing Condition Standard
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Bought with Coldwell Banker Realty Pasadena