Best Koreatown location close to DTLA! Development Opportunity in one of the most Densely Populated areas of Koreatown, Take advantage of TOC Tier 3 Density bonus. This property is entitled for a 22-unit, 7-story new construction complex with a mechanical parking basement. Rents for new apartments are going from $1,500~$3,000 per/unit in the area. Huge Income Producing Opportunity, R4-1 Zoning, Many Commercial Amenities, Metro Stations are walking distance or short Bike Ride. Area is experiencing Mass Gentrification, hundreds of New Apartment and condo projects are currently under construction. Currently the Lot has a Four Units which includes a 10 bedrooms 6 bathrooms SFR that currently operates as a boarding house. Please see K-Town Hotel on same street for similar posibilities.