944 & 948 Dewey Ave
51-Unit Multi-Family Development (R.T.I. - L.A. Koreatown)
Marketing description
Ready to Issue (R.T.I.) - 51 Unit Development
One block from W Olympic Blvd.
Central Koreatown location.
51-Unit Apartment Mix:
Thirty-Six (36): Studios
Twelve (12): 1 Bd w/ 1Ba
Three (3): 2 Bd w/ 1Ba
Walking distance to grocery, banking, and retail businesses.
+620,175 HH demographics w/i a 3-mile radius.
Walk score: Walker’s Paradise (94)
Transit Score: Excellent Transit (75)
Investment highlights
Approved construction plans included
4 Stories Residential (TYPE V-A) over one story parking (TYPE I-A)
Basement: 1 Story (TYPE I-A)
Transit Priority Area in the City of Los Angeles
Los Angeles State Enterprise Zone
Wilshire Center/ Koreatown Redevelopment Project
High-Medium Residential (General Land Use)
T.O.C.: Tier 3
Allowed: 51 Units /30 Units of Base Unit + 21 Units of Bonus Units
11,812 Sq. Ft./400 = 30 Units, 30 Units x 70% = 21 Units; Provided: 51 Units
Building Height Proposed: 58'-4' (Not including 4-0" of parapet) from grade plane
Occupancy Group:
R-2 (51 Unit Apartment)
5-2 (Ground Floor & Basement Parking)
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