Lender Owned Side by Side Vacant Lots Previously
Entitled for 23 Condos in Desirable Area of Ktown
Major Cross Streets Virgil Ave and 3rd St
Near Silverlake, Echo Park and DTLA

Property (A) 6950 SF and Property (B) 6812 SF - Total of 17,762 SF
Property consists of 2 side by side lots located just
below the 101 Freeway
and
sits about 60 feet from an Opportunity Zone. Previous 2 properties
were
demolished and were entitled
for 23
condos but borrower filed
for
bankruptcy and
now the lender has taken the property back.

Although the previous owner was making 23 condos,
with current R3 zoning and TOC 3 ordinance it can
be increased to 38 apartment units or with the
Affordable Components can build 60 units.