Attention Investors & Developers!!! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with approved/entitled plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 1.5-2yrs at $5M. Priced aggressively at under $50K/unit, this project is a bargain in today's LA market. One tenant is month to month. For those that are looking for smaller projects, you can explore the option to add 4 townhouse units in the back and re-build the 2 units in the front having in total a 10 units apartment/townhouse plus 2 ADU's style building with excellent projected rental income. Alternatively, you can build a brand new 50 units apartment building with underground parking using TOC Tier 3 incentives. Buyer to check with the city of LA and verify all info.