Incredible Development Opportunity in Mid-City! Attention all developers! Here's your chance to seize an exceptional opportunity with the purchase of two prime lots in Mid-City. These lots boast generous dimensions, with one measuring 4,570.5 SF and the other 4,464.6 SF, combining to create an expansive 9,035.1 SF. Zoned RD1.5-1, and strategically positioned on a corner lot, this property is an ideal match for affordable housing initiatives. Currently featuring three separate buildings, the existing structures include a 4 Bed / 1 Bath unit and two 1 Bed / 1 Bath units. All units will be delivered vacant upon purchase. Please be mindful not to disturb occupants. Excitingly, the seller has already submitted plans for the addition of three more units and two ADUs (Accessory Dwelling Units). There is significant potential to construct approximately 120 affordable housing units, though it is advised that the buyer verifies this information independently. This is a rare chance to secure a significant investment in a burgeoning area. Don't miss out on the opportunity to be part of the growth and development of Mid-City. Contact us now to schedule a viewing and explore the potential of this prime property!
|
DAYS ON MARKET
|
19
|
LAST UPDATED
|
12/10/2024
|
|
YEAR BUILT
|
1921
|
COMMUNITY
|
Mid Los Angeles
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Water Heater |
| AREA |
Mid Los Angeles |
| CONSTRUCTION |
Concrete, Glass, Stucco, Wood Siding |
| GARAGE |
Assigned, Yes |
| HEAT |
Electric |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Down, Block Walls, Main Level Primary |
| LOT |
4571 sq ft |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Bungalow, Spanish |
| UTILITIES |
Cable Available,Electricity Connected,Natural Gas Available,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood |
| WATER |
Public |
| ZONING |
LARD1.5 |
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Listed with Keller Williams Realty-Studio City
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 12/28/24 2:48 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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