971 S Hoover St, Los Angeles, CA 90006

BUY AND BUILD. NON RENT CONTROLLED*. FULLY RTI AND SHOVEL READY NOW: BUILDING PERMITS PAID! ABOVE GRADE CONSTRUCTION.DELIVERED VACANT. Development opportunity for 39 Apartment units in an excellent Koreatown location with the first parking level going down only 5 feet of excavation and the balance of the construction to be built ABOVE GRADE! 25(+3) Parking spaces on 2 levels, plus 5 levels of residential and a roof deck. Very efficient design for a Class A apartment building project geared towards the affluent Millennial population of the LA area. Washer/Dryer in each unit. Land is 9,463 sf, Zoned R4-1 TOC TIER 3. Walk Score 94. NO RSO. NO ELLIS. NO LINKAGE FEE. *4 units are affordable. 35 units are NON RENT CONTROLLED. All rent amounts are estimated projections.