2 bedroom house for sale

Overview

Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process OR build up to 36 units using TOC Tier 2 Incentives + ADU's

BACK ON MARKET! We are pleased to present for sale an excellent (ED 1) Executive Directive 1 development opportunity located in the Rampart Village neighborhood of Los Angeles. Zoned R4-1, TOC Tier 2, the subject property is situated on a 7, 000 sqft lot in close proximity to Downtown LA, Koreatown, Echo Park, Silver Lake and the 101/110 Freeways. Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process OR build up to 36 units using TOC Tier 2 Incentives + ADU's. The subject property is single family home that will be delivered vacant = no tenant relocation required or RSO! Lots of new development in this pocket. Do not miss this opportunity to build in a high rental demand area of Los Angeles that is undergoing significant growth. Contact listing agent for more details or to schedule a showing.