MLS® ID: 19517300
306 UNION Place
Los Angeles, California, 90017 $1,985,000
NO AFFORDABLE OR RENT CONTROL COMPONENT! NO LINKAGE FEE. Property delivered fully RTI with all stamped approved plans, ready for Buyer to pay for and pull building permits and start construction (November 2019) for 19 apartment units, Entitled BY RIGHT. The lot currently is vacant and there are no Tenants to relocate! Beautiful class A project for the higher end renters. 37 Parking spaces on 2 levels (semi sub). ***NOTE*** Potential to re-entitle the property for approx 40units per TOC TIER 3 using existing survey, soil report, phase I&II, and submission case# with city of LA. 0.5 Miles from DTLA, McArthur Park, and Metro. All units with balconies and in unit washer/dryers. Unit Mix: 11 units 1bed, 1 bath and 8 units 2bed, 2bath. Excellent presentation for a first class residential building. Clear views of DTLA from top floors.