2961 W 8th St - Auction Sale | RTI Project | Koreatown CA 0.14 Acres of Residential Land in Los Angeles, CA 90005

This prime redevelopment opportunity boasts a five-story project ready for your vision. The property is set to be delivered RTI, offering 44 units, featuring a mix of 43 one-bedroom and 1 studio unit. Moreover, with zoning for LAR4-2 and a 100% Affordable ED1 project status, the potential is endless. Imagine the possibilities of owning a property with a rooftop terrace, bicycle parking, and a total building area of nearly 16,000 square feet. This redevelopment gem is located in the sought-after Wilshire Center/Koreatown area, making it the ideal investment for those wanting to maximize returns in a flourishing market. Don't miss your chance to bid on this extraordinary opportunity. Register now and turn your real estate dreams into reality! ? 43 one-bedroom units and 1 studio unit • 33 units designated for Low-Income (LI) households - CTCAC Schedule 9 • 7 units designated for Moderate Income (MI) households - HCD Schedule 6 • 3 units designated for Very Low Income (VLI) households - HCD Schedule 6 • 1 Market Rate Manager’s Unit ? 100% Affordable - ED1 project ? Automatic fire sprinkler ? Zoning: LAR4-2 ? Redevelopment project area: Wilshire Center /Koreatown ? Lot area: 5,989 square feet ? Total building area: 15,909 square feet ? 70’-3” height ? Rooftop: 1,200 square feet ? Bicycle parking: 20 spaces