


Property Attributes
- MLS#21678822
- TypeSingle Family
- CountyLOS ANGELES
- CityLos Angeles
- AreaMid-Wilshire
- Zip90006
- Style
- Price$ 1,550,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1633
- Lot Size6,749 SqFt
Listing Provided Courtesy Of:
Daniel Shamooelian with BRC Advisors- BH.
Property Description
PRICE REDUCED! We are pleased to present for sale a R4 TOC Tier 3 development opportunity located in the heart of KOREATOWN! Lot size is approximately 6,750 sqft, meaning a developer can build 16 units by right or up to 29 units using TOC incentives. Only $55,000/door using full Tier 3 incentives!! TOC incentives allow for reduced parking & setback requirements and increased density options. Lot dimensions are ~ 50 ft by 135 ft. The site will be FULLY DEMOED by the end of January, saving a developer thousands in demo costs!! No tenant relocation here, COME RIGHT IN AND BUILD! Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Buyer to verify all zoning and TOC guidelines with LADBS. Contact listing agent for more details. Do not miss this prime opportunity to build near all the shopping, dining, and transportation Koreatown has to offer! SELLER IS MOTIVATED and will consider all reasonable offers!
Price History | |
---|---|
1/11/2021 | Listed $1,600,000 |
1/20/2021 | 1% - $1,595,000 |
1/25/2021 | 3% - $1,550,000 |
General Features
Architectural Style | See Remarks |
---|---|
Cooling | None |
Directions | North of San Marino St, South of James M Wood Blvd, East of Western Ave, West of Normandie Ave. |
Heating | None |
Listagentaor | Beverly Hills/Greater LA |
Listing Agent | Daniel Shamooelian - BRE#01984269 |
Listing Agent State License | 01984269 |
MLS Area | C17 - Mid-Wilshire |
Pool Features | None |
Price Per Square Foot | 949.17 |
Property SubType | Single Family Residence |
Source System | CRMLS |
Spa Features | None |
Special Listing Conditions | Standard |
View | None |
Zoning | LAR4 |
Interior Features
Fireplace Features | None |
---|---|
Full + 3/4 Baths | 1 |
Full Baths | 1 |
Total Stories | 2 |
Exterior Features
Lot Dimensions | 50x135 |
---|---|
Lot Size Area | 6749.0000 |
Lot Size Square Feet | 6749.00 |
Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool