Thank you
Daniel Lalezari
Keller Williams Hollywood Hills
310-623-1300
Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. The existing structure consists of (3) two bedrooms, 1 bath per unit. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!
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Total Baths: 3
Full Baths: 0
Half Baths: 0
Central Air
Air Conditioning
None
Has Heating
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2609
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 11364
Original List Price: 1,499,000
Listing Contract Date: 2024-04-05
Listing Agreement: Seller Reserved
Parcel Number: 4006010011
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: PHHT - Park Hills Heights
Postal Code Plus 4: 4003
Directions: Off on Crenshaw Blvd and 63rd Street, on 11th Avenue
Zoning: LAR3
Source Property Type: Residential Income
Area: PHHT - Park Hills Heights
Year Built Source: Vendor Enhanced
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5471 Crenshaw Boulevard, Los Angeles, CA,90043 | $3,995,000 | -- | -- | -- | 23979 Sqft |
5739 2nd Ave, Los Angeles, CA,90043 | $679,000 | 3 | 2 | 1,209 | 4922 Sqft |
4720 6th Avenue, Los Angeles, CA,90043 | $680,000 | 4 | 2 | 2,239 | 6779 Sqft |
4239 W 59th Street, Los Angeles, CA,90043 | $1,299,999 | 3 | 2 | 2,000 | 5374 Sqft |
3616 W 61st Street, Los Angeles, CA,90043 | $899,000 | 4 | 4 | 6,466 | 6466 Sqft |
3702 W 59th Place, Los Angeles, CA,90043 | $900,000 | 2 | 2 | 1,128 | 6750 Sqft |
5965 West Boulevard, Los Angeles, CA,90043 | $740,000 | 6 | 3 | 2,135 | 3750 Sqft |
3846 W 58th Place, Los Angeles, CA,90043 | $1,135,000 | 5 | -- | 2,002 | 5401 Sqft |
3123 Hyde Park Street, Los Angeles, CA,90043 | $795,000 | 3 | 2 | 1,147 | 3895 Sqft |
5822 Madden Avenue, Los Angeles, CA,90043 | $840,000 | 3 | 2 | 1,459 | 4801 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 06:56
MLS: 24376777
LISTED BY: Daniel Lalezari, Keller Williams Hollywood Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.