Excellent opportunity to remodel this classic Craftsman in Koreatown or build new. Existing home Lot size is approximately 6,752 sqft, Zoned LAR4. Possibility for a developer to build 16 units by right or up to 29 units using TOC incentives. TOC incentives allow for reduced parking & setback requirements and increased density options. Lot dimensions are ~ 50 ft by 135 ft. Buyer to verify all zoning and TOC guidelines with LADBS. Do not miss this prime opportunity to build on one of the last remaining undeveloped R4 lots in Koreatown! House in front is 1,900 sq ft 3bd/2ba and there is a separate 800 sq ft permitted 2 story rec room at rear of property built in 1986, which you could possibly convert to an ADU. Currently tenant occupied. Do not walk on property.