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Listed by Shira Dunn • Keller Williams Coastal Properties
$ 1,365,000
Est. payment | /mo
3 Beds
2 Baths
1,166 SqFt
$ 1,365,000
Est. payment | /mo
3 Beds
2 Baths
1,166 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,170
MLS Listing ID CRSR24254523
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1925
Lot Size 6,502 Sqft
Property Description
Prime Development Opportunity with Approved Plans in Progress to build 24-unit, 5-story apartment building under Type V5 construction! With LAR3 zoning. Plans are expected to be RTI (Ready to Issue) in just 2 months! A fantastic equity opportunity. Each unit is thoughtfully designed as a 1-bedroom, 1-bathroom with privete balcony and trash shut on each floor qualifying as part of an affordable housing initiative. With no parking requirements, this project maximizes the use of space and profitability. Don’t miss out on this rare chance to develop in a prime location. Contact us today for more details and to schedule a property tour! If Buyer wishes to increase the number of units from 24 to 30, it is feasible. The units will be slightly smaller, and the city has already granted approval for this adjustment. Buyer to independently verify all information.
Location
State CA
County Los Angeles
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Laundry Room, Inside
Exterior
Garage Spaces 1.0
Pool None
View None
Private Pool false
Building
Lot Description Street Light(s), Storm Drain
Story 1
Water Public
Schools
School District Los Angeles Unified
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