Thank you
Jacob Kesherim
Keller Williams Beverly Hills
310-432-6400
Priced Reduced! Motivated Seller! SB8 Clearance, Phase 1 report, and a land survey are available upon request. First time on the open market in almost 40 years! This development opportunity features 6,467 SF of land with alley access, in sought after Westlake just South of Beverly Blvd. The property will be delivered fully vacant with SB8 excluded approval. This investment presents a developer the opportunity to purchase land in the coveted Silverlake Adjacent, located steps from Echo Park. The parcel is zoned R3-1 and located in a Transit Oriented Community Tier 1, allowing a developer to build up to ~9 large units at a low price per sf of $139. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to ~14 units. The subject property is centrally located within the heart of Westlake and Filipinotown. This parcel is a hidden gem in a gentrifying area surrounded by new developments. This site is located with close proximity to food destinations, bars, coffee shops, retail stores as well as Downtown LA, Silverlake, and K-Town. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer. Please do not contact the owner as the property is exclusively listed.
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Total Bedrooms : 2
Total Baths: 1
Full Baths: 1
Half Baths: 0
Fireplace: None
Furnished Description: Furnished Or Unfurnished
Fireplace Features: None
Has Fireplace: 0
Year Built: 1920
Building Area Total: 1,290
Raised
Gated Community
None
See Remarks
Lot Dimensions Source: Assessor
Lot Size Acres: 0.1485
Lot Size Dimensions: 45x145
Lot Size Source: Assessor
Lot Size Square Feet: 6467
Original List Price: 900,000
Listing Contract Date: 2024-03-12
Listing Agreement: Seller Reserved
Parcel Number: 5154010016
Garage Description: Driveway
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 2003
Directions: South of Beverly Blvd & East of South Park View St
Zoning: LAR3
Source Property Type: Residential
Area: C42 - Downtown L.A.
Property SubType: Single Family Residence
Property Age: 104
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Assessor
Total Square Feet Living: 1290
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2311 W 2nd Street, Los Angeles, CA,90057 | $900,000 | -- | -- | -- | 6467 Sqft |
247 S Carondelet Street, Los Angeles, CA,90057 | $1,790,000 | 2 | 2 | 1,424 | 7589 Sqft |
435 S La Fayette Park P.., Los Angeles, CA,90057 | $3,150 | 2 | 2 | 1,355 | 46949 Sqft |
2305 W 2nd Street, Los Angeles, CA,90057 | $979,999 | 2 | 1 | 2 | 6466 Sqft |
1913 W 3rd St., Los Angeles, CA,90057 | $6,300,000 | -- | -- | 21,692 | 20283 Sqft |
226 S Rampart Boulevard, Los Angeles, CA,90057 | $1,380,000 | 4 | 2 | 3,058 | 7001 Sqft |
2021 Miramar Street, Los Angeles, CA,90057 | $2,400,000 | 6 | 3 | 2,466 | 4942 Sqft |
435 S La Fayette Park P.., Los Angeles, CA,90057 | $680,000 | 2 | 2 | 1,433 | 46963 Sqft |
2330 W 3rd Street #PH, Los Angeles, CA,90057 | $2,990,000 | -- | -- | 8,262 | 11725 Sqft |
744 S Carondelet Street, Los Angeles, CA,90057 | $1,600,000 | -- | -- | 19,500 | 7502 Sqft |
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ByOwner last updated this listing 05/23/2024 @ 22:00
MLS: 24368003
LISTED BY: Jacob Kesherim, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 0%
Buyer Agency Description: Contact listing agent for more information.