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.
OC24049077
Land, Other
Los Angeles
0.1526
Acres
Public
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Lot View
- City
- Zoning
- LAR3
- Fence
- Wood
- Additional Exterior/Lot Features
- Level,Near Public Transit,Rectangular Lot,Value In Land.
Financial Considerations
4251027016
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