Description
DEVELOPMENT DEAL! ! 1117 N. Avenue 56 is a 6,300 square foot vacant lot zoned RD2 in Highland Park! Located in one of LA's hottest rental markets, there are multiple options to profit on this rare opportunity. The current owner was planning to pursue city approvals for a 5 unit apartment development (3 units + 2 detached ADUs). Other great options include a co-living project, condo development, townhomes, affordable housing development, single family home or small lot subdivision. This property boasts an unbeatable Highland Park location, walking distance to all the York Blvd shops, cafes and restaurants.
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0.14ACRES
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01/2 BATHS
School Ratings & Info
Description
DEVELOPMENT DEAL! ! 1117 N. Avenue 56 is a 6,300 square foot vacant lot zoned RD2 in Highland Park! Located in one of LA's hottest rental markets, there are multiple options to profit on this rare opportunity. The current owner was planning to pursue city approvals for a 5 unit apartment development (3 units + 2 detached ADUs). Other great options include a co-living project, condo development, townhomes, affordable housing development, single family home or small lot subdivision. This property boasts an unbeatable Highland Park location, walking distance to all the York Blvd shops, cafes and restaurants.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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 Elite Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.