Property Detail

Description

Exceptional development opportunity in the heart of trendy Highland Park! This approximately 5,600 SF lot, zoned LAC2 with rear alley access, offers APPROVED plans that consist of 3 phases. Phase 1 is to rebuild the roof which is approved and seller has already paid permits for. Phase 2 is the option to rebuild the SFR and two ADUs in the back or you have the option to build Phase 3 which is a mixed-use income property featuring a front-facing coffee shop, a 3-unit residential building, and two ADUs in the rear. Permits have not been paid for phase 2 or 3 which buyer would be responsible for. The existing SFR, previously damaged by fire, is boarded up and ready for redevelopment. Take advantage of the existing plans or explore alternative development possibilities, or other C2-permitted commercial uses. Prime location on vibrant York Blvd, surrounded by popular shops, restaurants, and minutes from DTLA, Dodger Stadium, and major freeways. Plans available upon request. Property to be sold AS-IS-- cash offers or hard money loan only.