Basics
- Date added: Added 4 weeks ago
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 2
- Bathrooms: 1
- Half baths: 0
- Floors: 1
- Area: 1290 sq ft
- Lot size: 6467, 6467 sq ft
- Year built: 1920
- View: CityLights
- Zoning: LAR3
- County: Los Angeles
- MLS ID: 24368003
Description
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Description:
Priced Reduced! Motivated Seller! SB8 Clearance, Phase 1 report, and a land survey are available upon request. First time on the open market in almost 40 years! This development opportunity features 6,467 SF of land with alley access, in sought after Westlake just South of Beverly Blvd. The property will be delivered fully vacant with SB8 excluded approval. This investment presents a developer the opportunity to purchase land in the coveted Silverlake Adjacent, located steps from Echo Park. The parcel is zoned R3-1 and located in a Transit Oriented Community Tier 1, allowing a developer to build up to ~9 large units at a low price per sf of $139. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to ~14 units. The subject property is centrally located within the heart of Westlake and Filipinotown. This parcel is a hidden gem in a gentrifying area surrounded by new developments. This site is located with close proximity to food destinations, bars, coffee shops, retail stores as well as Downtown LA, Silverlake, and K-Town. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer. Please do not contact the owner as the property is exclusively listed.
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Location
- Directions: South of Beverly Blvd & East of South Park View St
- Lot Size Acres: 0.1485 acres
Building Details
- Lot Features: ValueInLand
- Common Walls: NoCommonWalls
- Foundation Details: Raised
- Levels: MultiSplit
Amenities & Features
- Pool Features: None
- Parking Features: Driveway
- Security Features: GatedCommunity
- Spa Features: None
- Parking Total: 0
- Fireplace Features: None
- Furnished: FurnishedOrUnfurnished
- Laundry Features: SeeRemarks
Miscellaneous
- List Office Name: Keller Williams Beverly Hills
- Community Features: Gated
- Direction Faces: South