PRIME VALUE ADD DEVELOPMENT OPPORTUNITY - Tannaz Rahbar of Keller Williams Realty, Brentwood, as exclusive agents, is pleased to present a rare DEVELOPMENT opportunity in this coveted pocket of Koreatown, within half a block south of Olympic Boulevard, at 1047-1053 S. Fedora Street. The offering is for currently Vacant Land, a double lot that is completely RTI and SHOVEL READY for a first class 40 unit Multifamily Development. Priced to sell at $87,500/door ($296/sqft of land)!! Alternatively, at this land price and with this large lot size, a seasoned developer can potentially re-draw plans for a 50 UNIT DEVELOPMENT (PER TOC TIER3) with generous sized units (average 650 sqft), for added value, bringing the per door purchase price to $70,000/unit.
