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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,688,800

Est. payment - /mo

5 Beds

2 Baths

2,071 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 2,071 sqft

Price per Sqft $815

MLS Listing ID 25498557

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1926

Lot Size 7,474 Sqft

Property Sub-Type Single Family Residence

Property Description

THIS COULD BE YOUR NEXT FLIP PROJECT OR wait until it becomes RTI and pay more for it. Amazing Property! Opportunities! Located in Hancock Park/Koreatown. Near all the best of LA entertainment. Close to Los Angeles International Airport and from the freeways. The seller has too many projects on the board so until RTI is approved. Here is your opportunity to make this one your next project. So do not let it get away. The proposed project is for a four-level construction, a three-story residential structure, and one level of the parking garage, one level of subterranean plans is in place and waiting on approval for a potential 14 dwelling units, including two units reserved for affordable income households and the remaining 12 market-rate units. The unit mix will be comprised of (4) studio-bedroom units, (1) one-bedroom units, and (9) two-bedroom units. Also 885 sq. ft of roof decks and 625 sq. ft of common open space with 200 sq. ft of private balconies. Zoned R3-1 on an 11,859 sq. ft of floor area. DISCLAIMER: The information provided above relating to potential development is our interpretation of the current development laws. We are not making any representation or guarantee as to the accuracy of the information. A prospective buyer/developer should conduct their own independent investigation of the development potential of the site and verify all of the information provided above. Sold AS-IS

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Pool None

View Y/N Yes

Private Pool No

Building

Entry Level One

Sewer Other, Sewer Tap Paid

Water Public, Other

Architectural Style See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5092026014

Acceptable Financing Submit

Listing Terms Submit

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Dana Park VIP Premier Realty Corp #01427551

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810 S Wilton PL Los Angeles, CA 90005