This is an amazing opportunity for an investor/developer. There is an existing single family residence on the site at this time. However, this primarily a land value sale. It will not qualify for conventional financing. This need to be a cash or hard money sale. We have the SR8 CLEARANCE LETTER IN HAND. Apparently (5) units or townhomes can be built with no SB8 restrictions: no rent control, tenant restrictions or affordable housing requirements. DO YOUR DO DILIGENCE AND CONFIRM THIS INFORMATION FOR YOURSELF. This is an up and coming area convenient to NOHO and all supporting facilities.
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