$1,080,000
$1,250,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
9,600 Sqft Lot
SOLD DATE : 09/27/2018
Key Details
Sold Price $1,080,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 18356850
Sold Date 09/27/18
HOA Y/N No
Lot Size 9,600 Sqft
Property Description
We are pleased to present an ideally situated double vacant lot in the Westlake submarket of Los Angeles. The property is comprised of two APN's allowing a developer the ability to create two separate projects or one larger development. APN:5160-014-012 & 013. Total land area is 9,600 square feet. Previously approved plans for a 20-residence market rate apartment development would need to be brought to current codes. The property is situated in a Transit Oriented Communities, TOC, housing incentive program. The TOC guidelines allow for a variety of density and FAR increases while only requiring one parking space per residence, regardless of the bedroom count. Lastly, ownership has also recently submitted case filing VTT-73168-SL for six small lot ordinance homes. The small lot project is pending a public hearing date.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LACW
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 5160014012
Financing Cash
Special Listing Condition Standard
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Bought with Manish Drona • Drona Realty & Mortgages
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "