This is a duplex in the Beverly Center - Miracle Mile area of Los Angeles. The lot is zoned R-3 and it has a great opportunity for additional units.
The asset also has a redevelopment opportunity as well. The duplex is 820 feet from a qualifying bus Transit Stop on Olympic and La Cienega and 1,300 feet from the New Metro Station at La Cienega and Wilshire Blvd.
The location qualifies for a Tier 3 TOC zoning bonus of 70%. The zoning bonus would allow for 8 -10 units on the lot. Great opportunity for a buyer with imagination to see its potential and make it something new.