ATTENTION BUILDERS AND DEVELOPERS!!! LOCATED IN THE HEART OF WESTLAKE/MAC ARTHUR PARK AREA OF DOWNTOWN LA, HERE IS AN INCREDIBLE OPPORTUNITY TO BUILD A BRAND NEW 30 UNITS APARTMENT 6 STORIES BUILDING WITH ROOF TOP AMENITIES AND ONE SUBTERRANEAN PARKING LEVEL. OF THESE 30 UNITS, PLANS CALL FOR 3 AFFORDABLE HOUSING UNITS. THE PROJECT WILL BE DELIVERED ENTITLED & RTI WITH TOC INCENTIVES FOR 70% BONUS DENSITY. IT IS CURRENTLY SUBMITTED WITH THE CITY, PENDING APPROVAL OVER THE NEXT APPROX 4 MONTHS. OWNER HAS ANOTHER SIMILAR 30 UNIT PROJECT ACROSS THE STREET THAT IS ALSO SUBMITTED, PENDING APPROVAL AND MAY BE AVAILABLE FOR SALE. CURRENTLY THE EXISTING BUILDING IS A 4-PLEX WITH TOTAL MONTHLY RENTS OF $1600, $1800, $2100, $1700 WHICH ALL INCLUDE UTILITIES. PROPOSED RENTS ARE ESTIMATED BASED ON MARKET RENTS WHICH WILL BE RENT CONTROL FREE.