$2,400,000 Price Analysis   ♡   Los Angeles, CA 90043 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.48 acre lot. Listed 2024-05-20, Taxes $12,671 | Ⓧ USDA Ineligible due to property near Los Angeles |
This is a development opportunity at 6208-6212 West Blvd in the Hyde Park neighborhood of Los Angeles.
The site is a double lot totaling 21, 026 SF zoned R3-1 in a Tier 3 TOC; the property will be delivered vacant at the close of escrow with no tenant relocation or buyouts required. Currently unentitled, this is an opportunity to build 26 units by-right or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursuedLocated less than three miles from SoFi Stadium, the Kia Forum, Hollywood Park Casino and planned Intuit Dome development in Inglewood; to the north, the subject property is two miles from the Baldwin Hills Crenshaw Plaza.
The neighborhood continues to gentrify at a rapid pace with many large-scale developments in the neighborhood such as Hope on Hyde Park at 6501 Crenshaw Blvd built in 2023, West Terrace Apartments at 6576-6604 West Blvd built in 2023 and Fairview Heights Apartments at 923 E Redondo Blvd built in 2022, among many other projects planned and under constructon. Dense, infill location with a population of over 1 MM people in a five-mile radius; the central location allows for an easy commute to Inglewood, the Westside, the South Bay and throughout South Los Angeles; close proximity to multiple metro local lines along E Hyde Park Blvd and Crenshaw Blvd. APNs 4006-006-026 and 4006-006-027.
Presented by Neema Ahadian at
Marcus & Millichap.
Property MLS #24-388443 from TheMLSCLAW
Lot Size Square Feet: 21026
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: Located on West Blvd between W 60th St and 63rd Street.
Source Property Type: Land
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 4006-006-026
Postal Code Plus 4: 3848
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $367,911 + $630,706 $998,617 | $12,671 |
| 2021 | $360,698 + $618,340 $979,038 | $12,481 |
| 2020 | $357,000 + $612,000 $969,000 | $12,596 |
| 2019 | $350,000 + $600,000 $950,000 | $12,123 |
| 2018 | $260,302 + $452,706 $713,008 | $9,274 |
| 2017 | $255,199 + $443,830 $699,029 | $9,086 |
| 2016 | $250,196 + $435,128 $685,324 | $8,806 |
| 2015 | $246,438 + $428,592 $675,030 | $8,685 |
| 2014 | $241,611 + $420,197 $661,808 | $8,726 |
| 2013 | $240,520 + $418,298 $658,818 | $8,720 |
| 2012 | $235,804 + $410,097 $645,901 | $8,837 |
| 2010 | $231,181 + $402,056 $633,237 | $8,688 |
| 2009 | $230,000 + $400,000 $630,000 | $8,369 |
| 2009 | $229,454 + $399,052 $628,506 | $8,369 |
| 2008 | $234,600 + $408,000 $642,600 | $8,327 |
| 2007 | $182,070 + $270,504 $452,574 | $5,949 |
$2,400,000
TheMLSCLAW
Sold 2004-07-07
$725,000
ITECH
Listed 2003-10-13
$999,500
ITECH
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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.