Zoned R3 near Korea town, and the Miracle Mile area.
A similar project 2 doors down, the developer is building 4 single-family homes.
There is an existing home there – 3/3 with 2816 SF. the lot is 6632 SF.
The comparable property is 421 S Wilton, that purchase price was $1.45M back in April 2016.
The purchase price is $1.490m
Proforma: Potential to earn $6M from retail sales of 4 single-family homes.
Cost to build estimate: $2.5M
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