$2,950,000

We are proud to exclusively present for sale a development opportunity for in beautiful Studio City! Build 86+/- Affordable Units less than a mile away from the Metro Red and Orange Line Station in Universal City! Tons of jobs in the area and even more by way of easy Public Transportation! The Sellers have Concept Plans available for a 100% Affordable Housing Project with mostly 1 bedrooms with some studios sprinkled in. This zip code is part of Tier 2 of Section 8's SAFMR, and the Concept Plans are geared for quick and smooth construction with no parking, slab on grade and a fully stacked design.This Very Walkable Area has Good Transit and is Bikeable, per Walk Score. This is a high quality-of-life neighborhood that is in high demand. Just blocks to Tujunga Village! The property can be delivered vacant or with income. Combined Lot Square Footage prior to the City taking a 3 foot Dedication was 13,512 SF. Combined Lot Square Footage after already-taken Dedication is 13,236 SF. Solve to a cash flow yield above a full market rate building! Listing includes two contiguous SFR Lots with no RSO. APNs: 2366-019-003 and 2366-019-004.