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$ 2,000,000
Est. payment | /mo
8 Beds
6 Baths
2,726 SqFt
$ 2,000,000
Est. payment | /mo
8 Beds
6 Baths
2,726 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $733
MLS Listing ID 24412575
Bedrooms 8
HOA Y/N No
Year Built 1951
Lot Size 7,758 Sqft
Property Description
Great opportunity for a builder to develop, an investor to buy and hold or as an owner-user property. Introducing an exceptional development opportunity. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Located in a prime area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a highly desirable location. Key features include ample buildable space: The property spans 7,753 sq. ft. with a buildable square footage of 23,259 sq. ft., providing a solid foundation for a substantial development. Located in a vibrant and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, west side beaches and other urban amenities, ensuring strong demand and sustained growth potential. This 6 unit building consisting of five 1 bedroom/1 baths and one 3 bedroom/1 bath. Two of the 1/1 units and the 3/1 bath unit may be delivered vacant at close of escrow. The remaining three 1/1's have tenants, these units will not be delivered vacant. There is copper plumbing vertical, horizontal and main line, Roof is about 15 years old. Great location close to Marina del Rey, Venice and Santa Monica beaches. . Information provided is deemed reliable but not guaranteed. Buyer and buyers agent to verify all information given by performing their investigations to confirm all information including but not limited to lot size, zoning and building restrictions. Showings will be scheduled by appointment with an accepted offer subject to interior inspection. Call listing agent for information regarding the current rent roll.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Driveway, Garage, Tandem
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4233008014
Special Listing Condition Standard
Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES