Great opportunity for a developer to build, an investor to buy and hold or as an owner-user property. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). An exceptional development opportunity , located in a desirable area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a prime location. Key Features include ample buildable space. The property spans 7,201 sq. ft. with a buildable square footage of 21,603 sq. ft., providing a solid foundation for a substantial development. Located in a dynamic and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, and other urban amenities, ensuring strong demand and sustained growth potential. All information provided is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigations to confirm accuracy of all information including but not limited to lot size, zoning, planing and building restrictions. The property may be delivered vacant at close of escrow. Unit mix is three 1/1's and two 2/1's. Showings will be scheduled by appointment with an accepted offer subject to interior inspection. call listing agent for additional information regarding the current rent roll.