$2,195,000 Price Analysis   ♡   Los Angeles, CA 90066 8 bed 6 bath 2,726 SqFt ($805/SqFt) 7,756SqFt lot. Built 1951 Listed 2024-07-08, Taxes $20,764 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great opportunity for a builder to develop
An investor to buy and hold or as an owner-user property. Introducing an exceptional development opportunity. Eligible for new CHIP ordinance that can allow additional 50% densty increase and significant parking reductions (See Docs). Located in a prime area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a m ultifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a highly desirable location. Key features include ample buildable space: The property spans 7, 753 sq. ft. with a buildable square footage of 23, 259 sq. ft., providing a solid foundation for a substantial development.
Located in a vibrant and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, west side beaches and other urban amenities, ensuring strong demand and sustained growth potential. This 6 unit building consisting of five 1 bedroom/1 baths and one 3 bedroom/1 bath. Two of the 1/1 units and the 3/1 bath unit may be delivered vacant at close of escrow. The remaining three 1/1's have tenants, these units will not be delivered vacant. There is copper plumbing vertical, horizontal and main line, Roof is about 15 years old. Great location close to Marina del Rey, Venice and Santa Monica beaches. . Information provided is deemed reliable but not guaranteed. Buyer and buyers agent to verify all information given by performing their investigations to confirm all information including but not limited to lot size, zoning and building restrictions. Showings will be scheduled by appointment with an accepted offer subject to interior inspection. Call listing agent for information regarding the current rent roll.
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RE/MAX Estate Properties.
Property MLS #24-412575 from TheMLSCLAW
Full Bathrooms: 6
Lot Size Dimensions: 50x155
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7756
Parking Total: 2
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 12250, 2 BedsTotal: 3, 2 BathsTotal: 1, 2 SquareFeet: 3750
County: Los Angeles
Directions: From Lincoln Blvd. take Washington Blvd. heading East to McLaughlin Ave. make a Left.
Source Property Type: Residential Income
Area: Palms - Mar Vista
Source Neighborhood: Palms - Mar Vista
Parcel Number: 4233-008-014
Postal Code Plus 4: 5417
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $445,699 + $1,261,413 $1,707,112 | $20,764 |
| 2021 | $436,960 + $1,236,680 $1,673,640 | $20,512 |
| 2020 | $477,543 + $1,081,370 $1,558,913 | $19,549 |
| 2019 | $468,180 + $1,060,167 $1,528,347 | $18,788 |
| 2018 | $459,000 + $1,039,380 $1,498,380 | $18,644 |
| 2017 | $267,466 + $178,304 $445,770 | $5,995 |
| 2016 | $262,222 + $174,808 $437,030 | $5,844 |
| 2015 | $258,284 + $172,183 $430,467 | $5,767 |
| 2014 | $253,225 + $168,811 $422,036 | $5,819 |
| 2013 | $252,081 + $168,049 $420,130 | $5,804 |
| 2012 | $247,139 + $164,754 $411,893 | $5,876 |
| 2010 | $242,294 + $161,524 $403,818 | $5,678 |
| 2009 | $241,056 + $160,698 $401,754 | $5,478 |
| 2009 | $240,484 + $160,317 $400,801 | $5,478 |
| 2008 | $236,330 + $157,548 $393,878 | $5,261 |
| 2007 | $231,697 + $154,459 $386,156 | $5,093 |
$0
TheMLSCLAW
Listed 2024-07-08
$2,195,000
TheMLSCLAW
Listed for rent 2024-06-08
$3,700
TheMLSCLAW
Listed for rent 2024-06-08
$3,100
TheMLSCLAW
Listed for rent 2024-06-08
$2,400
TheMLSCLAW
Listed for rent 2024-06-08
$2,400
TheMLSCLAW
Listing removed 2021-06-11
$2,395
TheMLSCLAW
Sold 2017-01-10
$1,469,000
Public Record
Listing removed 2017-01-10
$1,449,000
TheMLSCLAW
Listed 2016-11-09
$1,449,000
TheMLSCLAW
Sold 1986-12-22
$265,000
Public Record
Sold 1983-01-27
$210,000
Public Record
Year Built: 1951
Common Walls: Attached
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 73
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
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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.