$1,500,000 Price Analysis 6313 S Victoria AveLos Angeles, CA 90043 6 bed 4 bath 2,951 SqFt ($508/SqFt) 0.26 acre lot. Built 1924 Listed 2024-07-15, Taxes $9,755 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Investors and owner-users. Buy and hold or develop. 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers looking to create a high-density, multifamily residential project in a promising area of Los Angeles.Key Features include ample Buildable Space: The property spans 11, 384 sq.
ft. with a buildable square footage of 34, 152 sq. ft., offering substantial room for development. Optimized Density and Parking Efficiency: Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Its proximity to major transportation routes and urban amenities ensures strong demand and long-te rm growth potential, making it a highly attractive investment opportunity. All information provided deemed reliable but not guaranteed. Buyr and buyers agent to investigate all building and zoning requirements including but not limited to lot size, to their satisfaction. Call listing agent for additional details on current rent roll.
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Property MLS #24-415251 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $155,573 + $620,194 $775,767 | $9,755 |
2021 | $152,523 + $608,034 $760,557 | $9,626 |
2020 | $157,058 + $626,112 $783,170 | $10,084 |
2019 | $153,979 + $613,836 $767,815 | $9,701 |
2018 | $150,960 + $601,800 $752,760 | $9,486 |
2017 | $200,000 + $355,000 $555,000 | $7,105 |
2016 | $181,218 + $269,238 $450,456 | $5,808 |
2015 | $178,496 + $265,194 $443,690 | $5,728 |
2014 | $175,000 + $260,000 $435,000 | $5,775 |
2013 | $137,332 + $205,999 $343,331 | $4,672 |
2012 | $134,640 + $201,960 $336,600 | $4,732 |
2010 | $171,728 + $307,572 $479,300 | $6,534 |
2009 | $170,850 + $306,000 $476,850 | $6,299 |
2009 | $170,445 + $305,274 $475,719 | $6,299 |
2008 | $212,241 + $350,198 $562,439 | $7,171 |
2007 | $208,080 + $343,332 $551,412 | $6,937 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.