3031 W Olympic

    Los Angeles (City), CA 90006
    • $2,200,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 19515884
    UPDATED: 19 min ago
    $2,200,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,324
      SQFT
    • $509
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Excellent Opportunity Zone in Highly Coveted Location of Koreatown. Olympic and Normandie. New Developments are sprawling with thousands of new apartment and condo units in the area right now. DELIVERED RTI in one of the most Densely populated areas of Los Angeles. Plans to build 14 units, (1) Studio, (4) 1+1 and (9) 2+2. Take advantage of TOC Tier 3, Density bonus 70%. C2-1 Zoning. Profitable income producing Development Opportunity. 7 Automobile Parking spaces and 16 Bike spaces. Metro stations and public transportation are walking distance. Wilshire/Normandie Transit/Subway Station (Purple Line). Walk score 93. Hurry, this project will NOT last long!!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/99472118

    3031 W Olympic Los Angeles (City), CA 90006

    • Price: $2,200,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: 19515884
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    4,324
    SQFT
    $509
    $/SQFT
    1960
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Excellent Opportunity Zone in Highly Coveted Location of Koreatown. Olympic and Normandie. New Developments are sprawling with thousands of new apartment and condo units in the area right now. DELIVERED RTI in one of the most Densely populated areas of Los Angeles. Plans to build 14 units, (1) Studio, (4) 1+1 and (9) 2+2. Take advantage of TOC Tier 3, Density bonus 70%. C2-1 Zoning. Profitable income producing Development Opportunity. 7 Automobile Parking spaces and 16 Bike spaces. Metro stations and public transportation are walking distance. Wilshire/Normandie Transit/Subway Station (Purple Line). Walk score 93. Hurry, this project will NOT last long!!!
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling See Remarks Cooling YN Yes Laundry Features None

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 0.00 Improvements Amount 112561 Land Value 264858 Laundry YN No Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lac2

    Listing provided courtesy of John C. Pak of Jp Investment Real Estate Grou


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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