02/26/2025
906 S Ardmore Ave – Prime Development & Grant Opportunity in Los Angeles!
📍 Address: 906 S Ardmore Ave, Los Angeles, CA 90006
📐 Lot Size: 6,750 sq. ft. | Zoning: R4-2 | TOC: Tier 3
💰 Asking Price: $2M
🏗️ Grant Potential: Up to $500,000 in local funding
🔥 An Exclusive Development Opportunity with Grants Available! 🔥
Are you looking for a high-potential real estate investment in one of Los Angeles' fastest-growing rental markets? The property at 906 S Ardmore Ave presents a rare opportunity for a 27-unit multifamily project with access to local grants of up to $500,000.
With Transit-Oriented Communities (TOC) Tier 3 incentives, this property allows for high-density development, reduced parking requirements, and expedited approvals—an investor’s dream!
📊 Key Highlights of This Investment:
✔ TOC Tier 3 Eligibility – Up to 70% density bonus 🚀
✔ Potential for 27 Units (with affordability incentives) 🏡
✔ Zero Parking Requirements under AB 2097 = Lower Construction Costs 🚘
✔ High Rental Demand – Koreatown CAP rates at 5-7%+ 📈
✔ Up to $500K in Grants – Funding from the Los Angeles Housing Department (LAHD) for affordable housing incentives 💰
🏙️ Koreatown is one of LA’s most in-demand rental markets, with high occupancy rates and strong rental appreciation. Multifamily development here means strong long-term ROI and high rental demand due to its urban location and transit access.
🚨 Disclaimer: All information provided is an estimate based on available zoning data, grant programs, and TOC incentives. Buyers must conduct their own due diligence with the City of Los Angeles Planning Department and zoning specialists.
📞 Interested in Learning More?
📩 Contact Daniel Issak at (424) 272-5935 for the full investment package, feasibility report, and funding details!
🔹 Listing Agent: Daniel Issak
🔹 Phone: (424) 272-5935