JUST LISTED - OASIS APARTMENTS

Iconic Investments is pleased to exclusively list for sale, The Oasis Apartments, a development opportunity in Koreatown. Located at 415-421 S St Andrews Place, the two parcels total +/- 18,020 square feet and are zoned R4-1. While the current improvements on the property are 22 apartment units, a developer will have the opportunity to use the Tier 3 TOC bonus to build up to 77 units. The property is 1/2 mile to the Wilshire Blvd / Western Ave Metro Station - which potentially reduces the number of required parking spaces.

The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living.