209 N Mathews Street

Description

Introducing this excellent investment opportunity near USC Medical Center to redevelop this duplex and build up, up, up! This property is zoned Tier2 R3 Transit Oriented Communities (TOC) and falls within the new economic opportunity zone. With this lot being over 8800sf, under the new TOC regulations, a developer may be able to build up to 16 units which would make it just under $60k per door!! The updated TOC guidelines also provide for reduced parking and setback requirements. Located just minutes from Introducing this excellent investment opportunity near USC Medical Center to redevelop this duplex and build up, up, up! This property is zoned Tier2 R3 Transit Oriented Communities (TOC) and falls within the new economic opportunity zone. With this lot being over 8800sf, under the new TOC regulations, a developer may be able to build up to 16 units which would make it just under $60k per door!! The updated TOC guidelines also provide for reduced parking and setback requirements. Located just minutes from the LA USC Medical center and USC Health Sciences Campus makes this a prime location for investors to capture high rents and competitive demand from both healthcare workers and students wanting to live nearby! (Buyer and buyer's agent to do their due diligence and verify all zoning and TOC rules and regulations with the Los Angeles department of Building and Safety).