Existing burned duplex sold for land value only. There are ten reasons why we believe you’ve just stumbled upon what could be a near-perfect affordable housing development land acquisition opportunity. The site possesses the optimal zoning and economic incentives in place like Opportunity Zone/ED-1 Eligible/TOC/AB 2334 Very Low VMT/AB 2097 Reduced Parking Areas, etc. etc. etc. The site is not in a specific plan or in a Redevelopment Area. The site is located next to a swath of R1 zoned property (free parking?). The site is located a block from grocery, and CVS and, of course, Starbucks…essentially a stone’s throw from every “critical” amenity. The site is walking distance (1-mile) from NoHo station (both rail and bus transportation) making it viable to live at the property and not own a car. The site is an uncommonly large single lot consisting of 16,316 SF of land with 60’ of frontage. It’s not too big of a project yet formattable enough to be compelling for a wide spectrum of investment and development organizations. The site is flat. The site will not require the displacement of tenants as the duplex on site has been vacant for over 5+ years (abatement filed by City in 2019) after fires burned the property. The demo is not complete. Hence, the lookback period is