$2,500,000
$2,850,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
9,753 Sqft Lot
SOLD DATE : 10/11/2024
Key Details
Sold Price $2,500,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24409213
Sold Date 10/11/24
HOA Y/N No
Lot Size 9,753 Sqft
Acres 0.2239
Lot Dimensions Assessor
Property Description
We are proud to present for sale a development opportunity for 78+/- Units by ED-1 or 18+/- Units by TOC/DB. The SFR on site currently has a Market-Rate Tenant so land bank it until ready to move forward...or until the City releases the new Zoning Code! With 9,752 SF of R3(EC - Exposition Corridor) Tier 4 land sitting on an alley, and a stone's throw to the Expo / Bundy Station of the Metro E / Expo Line, the development potential is very promising for Market Rate, Affordable Units, or a mix of both! This zip code is Tier 2 of SAFMR. No RSO! No need to Ellis! This Biker's Paradise (per Walk Score) is just off the Expo Line Bike Path; head to the beach, hop on the Expo Line and head to Downtown LA, or transfer to any connecting line and travel traffic-free throughout the region! Just one-tenth of a mile to the Expo Line Station, being walking distance to very high-paying jobs, being at the border of Santa Monica but with Los Angeles Zoning, this property has a strong future! And the high-barrier to entry won't see much competition while the market-rent tenant covers many of the expenses. No RSO. No need to Ellis.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning R3(EC) Tier 4
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 4259027030
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Dario Svidler • Keller Williams Beverly Hills
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "