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$1,875,000
Est. payment /mo
2 Beds
2 Baths
5,638 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26646665
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1937
Lot Size 5,638 Sqft
Acres 0.1294
Property Sub-Type Single Family Residence
Property Description
Calling all developers and owner users! This property is a unique development opportunity to build six (6) for-sale condo units walking distance to the upscale Westfield Century City. Positioned on a 5,638 sqft lot with RD1.5 zoning, this is an incredible opportunity to add density in a highly desired westside neighborhood. Conveniently located adjacent to Westwood and Beverly Hills, the investment in and around the property is unparalleled, anchored with UCLA recently acquiring 700k sqft of the former Westside Pavilion to serve as their state-of-the-art research and innovation hub. The property benefits from a Transit Oriented Communities (TOC) Tier 2 designation that allows for an increase in density and height bonus. The existing house is currently vacant and consists of 2 bedrooms and 2 baths located in a highly regarded school district. Plans have been submitted to the city. Approval for Preliminary Zoning Assessment (PZA) has been received. TOC Tier Verification have been confirmed and the property is SB8 Exempt. Don't miss this opportunity!
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Interior Features Family Room
Heating Central
Cooling Central Air
Flooring Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Microwave, Refrigerator
Laundry Dryer, Laundry Closet, Washer, Inside
Exterior
Pool None
View Y/N false
View None
Total Parking Spaces 2
Private Pool false
Building
Story 1
Architectural Style Contemporary
Level or Stories One Story
New Construction No
Others
Tax ID 4317002015
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Listed by Omid Shokoufandeh • SHK Realty