Unique opportunity for development on a quiet street located in desirable Westdale in West LA. Walkable to Coffee, Bank, and Groceries. Near the Exposition line, and many major employers of Silicon Beach and the West Side, including Google, Amazon, Sony, Hulu, Facebook, Activision, and more. The property is currently a single family home with 2 bd 2 ba, 2 car garage. No tenants, will be delivered vacant. Endless possibilities: Up to 25 units under ED-1, or 19 Units by Right (via Brickwork), or by 3-4 Small Lot Subdivision, or whatever you can imagine! Currently have Planning Approval Letter for 12 Units with 1:1 parking. Average income is over $130,000 in this area, and market rents are very handsome, and LACMA VPS rents are Tier II ($3,504 for 2bd) making this a very desirable build opportunity. Letter of determination from the city are available upon request from qualified buyers. Call or Email the listing agent for additional information.
DAYS ON MARKET
|
13
|
LAST UPDATED
|
4/26/2024
|
COMMUNITY
|
Palms - Mar Vista
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Lot/Land/Acreage
|
AREA |
Palms - Mar Vista |
BUYER'S BROKERAGE COMPENSATION |
2.000 % |
HOA DUES |
0 |
LOT |
6649 sq ft |
LOT DESCRIPTION |
Level, Near Public Transit, Rectangular Lot, Value In Land |
VIEW |
Yes |
VIEW DESCRIPTION |
City Lights |
WATER |
Public |
ZONING |
LAR3 |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Steve
Portaro to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Pacific California Residential
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. 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 CRMLS as of 5/9/24 3:07 AM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS. 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.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts