2227 Valley Street Los Angeles, CA 90057

0 Bedroom,

MLS: #21679288
$2,070,000
COMMENTS
Motivated Seller! Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20, 000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. The lot is completely empty. Building across street completed 2016 with excellent rent comps.

Property Features

  • Price per Sqft: $132
  • Lot Size: 15,731 SqFt
  • Acreage: 0.3600
  • County: Los Angeles
  • Area: C42 - Downtown L.A.

Location

Directions: Between 3rd Str. and 6th Str; North of Wilshire Blvd, Just east of Rampart.

Listing courtesy of AFD Realty, Inc.

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