$3,084,000 Price Analysis   ♡   West Hollywood, CA 90046 Unknown bed 0 bath unknown SqFt ($0/SqFt) 6,500SqFt lot. Listed 2024-05-20, Taxes $16,156 | Ⓧ USDA Ineligible due to property near West Hollywood |
We are pleased to present a rare offering of two contiguous vacant lots located at 947 Genesee Avenue and 944 Ogden Drive in the vibrant city of West Hollywood.
Spanning a combined total of 13, 000 square feet with WDR3C zoning, these properties present an opportunity for developers and investors to construct a premier residential project and will be delivered RTI for 10 luxury townhome style condominiums. The plans for this site include the construction of (5) 3Bd/3.5Ba and (5) 3Bd/2.5 Ba townhome style units with 13, 215 square feet of rentable space, each designed with luxury and modern living in mind. Additinally, the development will feature subterranean parking, providing ample and secure vehicle storage for residents. The exact same development, consisting of a three-story building with 10 luxury townhomes, was successfully completed on the two lots directly to the north, showcasing the proven appeal and success of such a project in this location.
Current ownership is committed to facilitating a smooth development process and is offering favorable financing options. Terms will vary based on the buyer's experience, providing flexibility to seasoned developers and emerging investors alike. This prime location in We st Hollywood not offers a robust demand for high-end residential units but also provides residents with unmatched convenience. Nestled among eclectic shops, top-tier dining options and vibrant entertainment venues, this site ensures a lifestyle filled with luxury and convenience. Proximity to iconic West Hollywood landmarks and the dynamic nightlife scene further enhances the appeal of this exceptional development opportunity.
Presented by Sevak Keshishian at
Marcus & Millichap.
Property MLS #24-394219 from TheMLSCLAW
Lot Size Dimensions: 50x132
Lot Size Source: Assessor
Lot Size Square Feet: 6500
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: Head north on North Fairfax Avenue and turn right onto Romaine Street, then another right onto North Ogden Drive. The subject property is situated in-between Romaine Street and Willoughby Avenue.
Source Property Type: Land
Area: West Hollywood Vicinity
Source Neighborhood: West Hollywood Vicinity
Parcel Number: 5530-025-002
Postal Code Plus 4: 7310
Zoning: WDR3C
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $1,318,540 $1,318,540 | $16,156 |
| 2021 | $unknown + $1,292,687 $1,292,687 | $15,437 |
| 2020 | $319,857 + $1,279,433 $1,599,290 | $15,894 |
| 2019 | $313,586 + $1,254,347 $1,567,933 | $18,859 |
| 2018 | $307,438 + $1,229,752 $1,537,190 | $18,717 |
| 2017 | $301,410 + $1,205,640 $1,507,050 | $18,337 |
| 2016 | $15,717 + $59,830 $75,547 | $1,452 |
| 2015 | $15,481 + $58,932 $74,413 | $1,435 |
| 2014 | $15,178 + $57,778 $72,956 | $1,442 |
| 2013 | $15,110 + $57,517 $72,627 | $1,428 |
| 2012 | $14,814 + $56,390 $71,204 | $1,427 |
| 2010 | $14,524 + $55,285 $69,809 | $1,381 |
| 2009 | $14,451 + $55,003 $69,454 | $1,330 |
| 2009 | $14,416 + $54,872 $69,288 | $1,330 |
| 2008 | $14,168 + $53,925 $68,093 | $1,289 |
| 2007 | $13,891 + $52,868 $66,759 | $1,245 |
$3,084,000
TheMLSCLAW
Listing removed 2016-06-09
$1,695,000
TheMLSCLAW
Sold 2016-06-02
$1,477,500
SanDiegoMLS
Listed 2016-03-25
$1,695,000
SanDiegoMLS
Listed 2016-03-25
$1,695,000
TheMLSCLAW
Sold 1972-06-30
$29,000
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.