Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies.
The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently has a single-family residence and is unentitled, providing a savvy developer the opportunity to design a project that fits their own style. The properties’ location will give the new development exciting unobstructed views of Downtown Los Angeles.
A creative developer will be able to work many different scenarios of potential developments, including Small Lot Ordinance Homes, or a For Rent product. Another possibility includes buyer to use the existing structure and build additional units in the back. Please download supplemental attachment!