1045 W Vernon Avenue Active

Los Angeles,CA 90037

$ 1300000

0 Bed

0 Bath

3574 SqFt


Key Details

Property Type Other Types

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 3,574 sqft

Price per Sqft $363

MLS Listing ID CL24415361

HOA Y/N No

Lot Size 9,757 Sqft

Acres 0.22

Property Description

Great investment opportunity for a builder to develop, and investor to buy and hold or as an owner-user property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unveil the potential of a prime development opportunity located in a bustling area of Los Angeles. Zoned C2-2D-CPIO and designated as a TOC Tier 3 site, this property provides substantial incentives for increased density and reduced parking requirements. The generous lot size and significant allowable floor area make it ideal for developers aiming to construct a high-density project.Key Features:Extensive Buildable Area: The property covers 9,757 sq. ft. with a buildable square footage of 58,542 sq. ft., offering ample space for a significant development. Optimized density and parking efficiency may provide a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. It's strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. Units are comprised of three 1/1's and one 3/1. All information given is deemed reliable but not guaranteed. Buyer and buyers agent should p

Location

State CA

County Los Angeles

Area Listing

Zoning LAR3

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Fireplace No

Exterior

Total Parking Spaces 2

Building

New Construction No

Others

Tax ID 5020025034

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