BRC Advisors and Hudson Partners are pleased to present a corner development site on Vermont Avenue and 62nd Street. This is zoned C2-1VL which means by Right this parcel lends itself to a 45 foot height limit, 1.5 FAR and 21 Units with Market Units. The Seller currently occupies the premises as a car wash and restaurant, he is willing to vacate or lease-back for a short period of time during entitlements. The 35% dense bonus will allow 28 units making this acquisition attract at $53,517 per unit on land.
This parcel is situated the northwest corner of 62nd and Vermont, between Slauson Avenue and Gage Ave. just off the 110 Freeway. It is also walking distance to three schools:Budlong Ave., Elementary, John Muir Middle School, August Hawkins High School.