$1,145,000
$1,300,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
3,836 SqFt
SOLD DATE : 04/23/2021
Key Details
Sold Price $1,145,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,836 sqft
Price per Sqft $298
MLS Listing ID 20672634
Sold Date 04/23/21
HOA Y/N No
Year Built 1923
Lot Size 7,126 Sqft
Property Description
Fourplex or land development opportunity in up and evolving Central City West neighborhood. 1920's California Craftsman with potential for adding units to the site or building a new commercial or multi-family project. Stable cashflow during entitlement process. Opportunity zone. Zimas indicates Tier 2 designation with a 45% increase FAR of at least 3.25%. Each bedroom allocates .5 parking space but no more than 1 space per unit. All buyers to conduct their own site and development investigations and should not rely on this data for investment or future development purposes. Currently 100% leased!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAC2
Interior
Cooling None
Fireplace No
Laundry None
Exterior
Parking Features Uncovered
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5157017025
Special Listing Condition Standard
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Bought with Kayla Gatmaitan • Platinum Group Realty
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