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Property listed by Keller Williams Beverly Hills, Dario Svidler {attribution_contact}
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 forwardor 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.
Property Details and Features
Bathrooms
- 3 full bathrooms
- 3 total bathrooms
Bedrooms
- 3 total bedrooms
Building
- Built in 1942
- Building area total: 2,107
- Levels: One
- Living area: 2107
- 1 story
- Architectural style: SeeRemarks
- Common walls: NoCommonWalls
Laundry
- SeeRemarks
Listing
- ListingID: 24416572
- Standard status: Active
- 47 days on market
Location
- Country: US
Lot
- 0.2225 acres
- 9,692 square feet
- Size: 9,692
Parking
- 2 totals parking
- AttachedCarport
Pool
- InGround
- Lap
Possession
- CloseOfEscrow
Property
- Zoning: R3(EC) Tier 4
Spa
- None