Rare opportunity to purchase a 1900 Victorian Tudor home as a renovation project with Harvard Heights views of the Downtown skyline from the rear of the lot or build multiple units on one of the first streets ever established in Koreatown, Irolo Street. Located near the epicenter of major redevelopment projects in Koreatown thanks to Los Angeles’ incentive programs for this area. Pedestrian friendly w/ major METRO bus stops & rail lines within a short distance allowing for a convenient commute to almost anywhere in Los Angeles. The property falls within the Transit Oriented Communities (TOC) incentive program area and the parcel has been designated a R3 Tier 2, possibly allowing for up to 60% in density bonus. The “by right” developable unit count is 7 units. Utilizing the TOC Tier 2 density bonus incentives program, the total developable unit count could reach 13 units w/ 9% set aside for extremely low-income units. There are additional incentives such as FAR, height & parking that may be allowed when using TOC. However, the scenario depicted is influenced by many factors such as lot size, dimensions & parking layout, which may affect the total units developed. Buyer to verify the accuracy of all information provided through personal inspection & w/ appropriate professionals to Buyer's satisfaction. This is a trust sale, not subject to court confirmation.
All of your bases are covered with Andrews & Roberts real estate team. Offering a powerful combination of 15+ years of experience and innovative thinking. This dynamic team, now backed by the extensive resources of Compass, can handle your every need in any real estate transaction.
Los Angeles Realtor, Susan Andrews loves the journey of home ownership. It is not often that a Realtor actually embodies the American dream. A tough childhood in Queens, New York, taught her the true meaning of the quest. Purchasing her first home in Los Angeles taught her the joy of it. The search, the purchase, the details, even the renovation felt like second nature to her. Once she realized the job of a Realtor is defined by relationships, education and support, Susan knew she’d found her true calling. “Just like people, houses have souls and personalities. It has to be the right fit,” she says. For Susan, a house is not just where you live, it’s where every aspect of your life unfolds. “It has to be a smart decision for today and a good investment for the future”.
Born and raised in Los Angeles, California, the origin of Justin’s career history is in his father's machine shop manufacturing parts for the aerospace industry. The standards and attention to detail Justin developed in his family business have been essential to his success. No stranger to hard work, he enjoys rolling up his sleeves and digging into house preparation and flipping projects with his partner in business and in life Susan Andrews. Together they are a one stop shop for all of your real estate needs. From interior design ideas to renovation and staging, Andrews & Roberts will streamline your real estate experience.