Description

We are pleased to present the opportunity to acquire this rare 6,632 SF development opportunity located in the prestigious Hancock Park neighborhood. The site offers a zoning ordinance of LAR3, with a Tier 3 TOC (70% density bonus). There is a 6-bedroom + 4-bathroom single-family residence currently on the lot, which may be delivered vacant, or tenant occupied. The property is currently being rented out by the individual bedroom to young professionals, as a co-living investment. The current total income is approximately $8,000/month.