Description

A rare 30-unit RTI development opportunity location at 306 Union Ave, in Los Angeles, California. The Site consists of 9,449.7 square feet, and it is zoned C2-1. The property is 5-story type III R-2 occupancy over a 2-level basement garage. It is ready-to-issue permits (RTI) for 30 apartment units with 3 units of extremely low income(25 units of 1-bedroom / 1-bathroom, and 5 units of 2-bedrooms / 2-bathroom). The site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North, and Downtown Los Angeles to the South. The Site is central in a location with ease of transit as it is blocked from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer.

Features

• 0.22 Acres