Exceptional Development / Renovation Opportunity in Corona Heights
254 Roosevelt is a fantastic three unit residential building in a highly desirable Corona Heights location with approved plans and site permit to renovate and expand the building into three modern luxury homes.
Currently a 2,438 square foot building, planning department approved plans by award winning architectural firm The Open Workshop call for expansion of the building to over 5,300 sq. ft. feet, to include a dramatic 1 bed, 1 bath penthouse with a 417 sq. ft. roof deck with panoramic city views, a 2-level, 2 bed / 2 bath townhome , and a large 3 bed / 2.5 bath flat. New features to include view decks and terraces, an elevator accessing all homes including a new garage addition. Plans call for 4,534 sq. ft. of finished living space.
254 Roosevelt Way offers many wonderful opportunities: Undergo a light renovation to owner-occupy and/or rent out the residential units, expand and develop per the approved plans for your own use and as a long term investment, or offer the new luxury homes for sale.
Offered at $1,745,000