$6,500,000 Price Analysis   ♡   Los Angeles, CA 90010 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.51 acre lot. Listed 2024-02-14, Taxes $41,387 | Ⓧ USDA Ineligible due to property near Los Angeles |
We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd.
* Has Contingent Offer *That you have been driving past for years wonderng, why don't they build something there?! Well, now is your chance. The opportunity consists of a 22, 377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334 or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density.
The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take futu re tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life and ready to become the go-to spot for all different tenant types out there!
Presented by Dario Svidler at
Keller Williams Beverly Hills.
Property MLS #24-358203 from TheMLSCLAW
Lot Size Dimensions: 171x130
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 22362
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Current Use: Vacant Lot
Directions: Just west of Koreatown. Wilshire Blvd...one of the world's most visited streets!
Source Property Type: Land
Possible Use: Build 110+/- Units by Density Bonus or 55+/- Units by Right with AB2334! Unlimited Density by State Density Bonus for 100% Affordable Housing
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Parcel Number: 5504-009-017
Zoning: CR(PKM)-1 Tier 3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $unknown + $3,408,786 $3,408,786 | $41,387 |
| 2020 | $unknown + $3,373,834 $3,373,834 | $806 |
| 2019 | $unknown + $3,307,681 $3,307,681 | $807 |
| 2018 | $unknown + $3,242,825 $3,242,825 | $813 |
| 2017 | $unknown + $3,179,241 $3,179,241 | $813 |
| 2016 | $unknown + $3,116,903 $3,116,903 | $37,961 |
| 2015 | $unknown + $3,070,085 $3,070,085 | $37,408 |
| 2014 | $unknown + $3,009,947 $3,009,947 | $37,506 |
| 2013 | $unknown + $2,996,344 $2,996,344 | $37,501 |
| 2012 | $unknown + $2,937,593 $2,937,593 | $37,996 |
| 2010 | $unknown + $2,879,994 $2,879,994 | $37,996 |
| 2009 | $unknown + $2,865,261 $2,865,261 | $36,782 |
| 2009 | $unknown + $2,858,470 $2,858,470 | $36,782 |
| 2008 | $unknown + $2,809,080 $2,809,080 | $36,339 |
| 2007 | $unknown + $2,754,000 $2,754,000 | $33,732 |
$6,500,000
TheMLSCLAW
Sold 2021-10-08
$4,180,000
TheMLSCLAW
Listing removed 2021-01-15
$0
TheMLSCLAW
Price Changed 2020-09-25
$4,750,000
TheMLSCLAW
Listed 2020-09-24
$5,490,000
TheMLSCLAW
Sold 2003-01-28
$1,850,000
Public Record
Sold 1989-12-05
$1,200,000
Public Record
Sold 1988-12-21
$1,200,000
Public Record
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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.