Thank you
Dario Svidler
Keller Williams Beverly Hills
310-432-6400
We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!
Sell a home like this and save $389,501 Find Out How
Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Assessor
Lot Size Acres: 0.5134
Lot Size Dimensions: 171x130
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 22362
Original List Price: 6,500,000
Listing Contract Date: 2024-02-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5504009017
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C18 - Hancock Park-Wilshire
Directions: Just west of Koreatown. Wilshire Blvd...one of the world's most visited streets!
Zoning: CR(PKM)-1 Tier 3
Source Property Type: Land
Area: C18 - Hancock Park-Wilshire
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3810 Wilshire Boulevard.., Los Angeles, CA,90010 | $539,000 | 1 | 1 | 720 | 64152 Sqft |
3785 Wilshire Boulevard.., Los Angeles, CA,90010 | $950,000 | 2 | 2 | 1,400 | 53710 Sqft |
4848 Wilshire Boulevard.., Los Angeles, CA,90010 | $1,620,000 | 3 | 4 | 2,260 | 40740 Sqft |
3810 Wilshire Boulevard.., Los Angeles, CA,90010 | $695,000 | 2 | 2 | 1,290 | 64171 Sqft |
3785 Wilshire Boulevard.., Los Angeles, CA,90010 | $920,000 | 2 | 2 | 1,390 | 53710 Sqft |
4536 Wilshire Boulevard.., Los Angeles, CA,90010 | $1,475,000 | 3 | 2 | 2,632 | 15488 Sqft |
3810 Wilshire Boulevard.., Los Angeles, CA,90010 | $969,000 | 2 | 1 | 1,359 | 64171 Sqft |
3810 Wilshire Boulevard.., Los Angeles, CA,90010 | $850,000 | 2 | 2 | 1,290 | 64171 Sqft |
4848 Wilshire Boulevard.., Los Angeles, CA,90010 | $1,620,000 | 3 | 4 | 2,330 | 40740 Sqft |
3785 Wilshire Boulevard.., Los Angeles, CA,90010 | $1,250,000 | 2 | 2 | 1,360 | 53710 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/18/2024 @ 04:29
MLS: 24358203
LISTED BY: Dario Svidler, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2%
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.