$1,395,000

Est. payment - /mo

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8,258 Sqft Lot

New

1033 N Mariposa AVE Los Angeles, CA 90029

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/30/2024 01:13 AM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24223831

HOA Y/N No

Lot Size 8,258 Sqft

Property Description

This oversized R3-1XL single lot in Hollywood could be the perfect site for your new multifamily development project. Whether you aim to deploy a more conventional methodology of design and density calculation or take advantage of certain timely legislation for creating affordable housing, the location and zoning will support a wide range of site utilizations. The property is walking distance (about six blocks) from the Vermont/Santa Monica Metro Station and will provide income while you plan your project. The property is situated in the vibrant East Hollywood area of Los Angeles and is just one block away from Normandie Ave. and Santa Monica Blvd. This provides easy access to DTLA, the 101 Freeway, and public transportation. The neighborhood is known for its tree lined streets. Los Angeles City College, Barnsdall Art Park, and several large hospitals are nearby, adding to the location?s appeal. The property consists of four units, with the front unit having two bedrooms and one bathroom, and the other three units each having one bedroom and one bathroom. With long-term, good paying tenants already in place, it presents a solid covered land opportunity. The property?s proximity to key amenities and zoning make it an excellent candidate for current and/or future development.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning R3-1XL

Interior

Fireplace No

Exterior

Community Features Curbs, Gutter(s)

View Y/N Yes

View City Lights, Landmark

Building

Lot Description 0-1 Unit/Acre, 16-20 Units/Acre, 11-15 Units/Acre, 2-5 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre, 36-40 Units/Acre, 31-35 Units/Acre, 6-10 Units/Acre

Water Public

New Construction No

Others

Senior Community No

Tax ID 5538001021

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Francis Evanisko • Evanisko Realty & Investment • 213-200-6957

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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