3303 Floral Dr, Los Angeles, CA 90063

Property Description

INVESTOR OR BUILDER SPECIAL: RTI Project with approved plans for three ultra-modern homes and three ADUs, each designed with rooftop decks and city views. OR ALTERNATE OPTIONS: Rehab the existing 2 bedroom/1 bath house, rehab & utilize the 2 additional structures, of which one is zoned for potential commercial use or convert to 2 ADU's. ****RTI Scenario: This is an exceptional opportunity for a builder or investor to begin construction immediately on a modern tri-level project with private rooftop patios. Designed as a strong build-and-hold investment, the property is well positioned to attract quality tenants seeking contemporary multi-level living, thoughtful design, and desirable lifestyle amenities. Approved Clearances include Architectural Plans, Structural Plans, Grading Plans, Approved Soil Report, Civil Plans, Mechanical and Electrical Plans, BOE Clearances, Sewer Capacity Review, LID Approval, Fire Safety/Hydrants and Access, ADA Approval, ADA Access exemption, DOT Clearance (N/A), and Planning/Housing Clearances (N/A). Located near USC Keck School of Medicine and USC Keck Hospital, the project is ideal for medical professionals, faculty, and students seeking modern homes with greater privacy, functionality, and character than traditional rentals. With continued redevelopment and growth in Boyle Heights / East Los Angeles area, demand for distinctive upscale housing remains strong. MOTOVATED SELLER, WRITE UP AN OFFER AND SUBMIT.