Description
Pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project islocated in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and anadditional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the primelocation for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and isin close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. This project is currently going thoroughentitlements and will be delivered with Ready to Issue Permits (RTI).
Location
Courtesy of: Marcus & Millichap The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 25th June, 2022 4:40 PM (UTC)