$699,000

Extremely rare opportunity to build multifamily apartments in a much sought after neighborhood. Located right next to Lake Avenue on E. Mendocino St., this was previously a 5-unit apartment building (917-923 E. Mendocino) zoned C-3 so there is also potential for mixed-use high density residential and a commercial component. LA County has been permitting rebuilds grandfathering in prior total unit count so there is a 5-unit potential and maybe even higher density. Code may permit up to 8 units but buyer must independently verify with the County in regard to zoning and permitting. Property has already completed Phase 2 debris cleanup so the lot is ready to go. With a Walk Score of 87, this site has everything going for it - multifamily potential, desirable location, and excellent walkability for future residents.