Description
Development opportunity. The property is being offered with plans currently in process for a proposed 6 unit multifamily development. Seller has obtained a demolition permit for the existing single family residence, which is intended to be demolished by Seller. The proposed approximately 3,500 SF development includes a planned unit mix of four (4) ADA-compliant 1-bedroom/1-bathroom units and two (2) 2-bedroom/1-bathroom units. Potential opportunity to add approximately 4-6 ADUs in addition to the proposed 6-unit development. Buyer to independently verify all development opportunities, feasibility, zoning, permits, approvals, plans, and ADU potential with the City of Los Angeles and all applicable agencies. Plans are currently in process and estimated to be Ready-to-Issue (RTI) in approximately 3-4 months. SELLER FINANCING AVAILABLE
Details
| MLS # | SR26161935 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 41 |
| Listing Provided By | Keller Williams Luxury | Deborah Moussighi |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.16 |
| Property View | None |
Exterior
| Lot Features | Six To Ten Units Acre, Back Yard, Level, Near Public Transit, Tear Down, Walkstreet |
|---|
Location
| Community Features | Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90003) | |
Price: $750,000 low | high Med: $699,942 On site: 41 low | high Med: 75.5 | |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90003) | |
Price: $750,000 low | high Med: $699,942 On site: 41 low | high Med: 75.5 | |
