4680 Wilshire Blvd Bureau 14 407 m² Immeuble 4 étoiles À vendre Los Angeles, CA 90010

--OFFERS DUE 4/21--
We are pleased to present the opportunity to acquire the fee simple interest in The Hancock (the “Property” or “4680 Wilshire”), a 185,536 NRSF fully entitled, mixed-use, residential project with Ready-To-Issue (RTI) plans available. The City’s new citywide Adaptive Reuse Ordinance (ARO) allows the project to be converted to 100% residential, either for sale or rent.
With seismic retrofit and redevelopment plans already approved and RTI plans, an investor has the opportunity to undertake a residential redevelopment without entitlement risk that would garner considerable residential demand.
The recently approved Los Angeles Citywide Adaptive Reuse Ordinance (ARO), provides investors with multiple residential redevelopment options and the opportunity to revisit the existing entitlements in a by-right, ministerial process to convert the entitled office space to residential, potentially developing up to ~190 units.