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$ 1,399,000
Est. payment /mo
Active
6313 S Victoria AVE Los Angeles, CA 90043
6 Beds
4 Baths
2,951 SqFt
UPDATED:
12/05/2024 01:57 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,951 sqft
Price per Sqft $474
MLS Listing ID 24415251
Bedrooms 6
HOA Y/N No
Year Built 1924
Lot Size 0.261 Acres
Property Description
Great investment opportunity for builders, investors and owner-users. Buy and hold or develop. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers looking to create a high-density, multifamily residential project in a promising area of Los Angeles.Key Features include ample Buildable Space: The property spans 11,384 sq. ft. with a buildable square footage of 34,152 sq. ft., offering substantial room for development. Optimized Density and Parking Efficiency: Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Its proximity to major transportation routes and urban amenities ensures strong demand and long-term growth potential, making it a highly attractive investment opportunity. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to investigate all building and zoning requirements including but not limited to lot size, to their satisfaction. Call listing agent for additional details on current rent roll.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered, Driveway
Total Parking Spaces 6
Building
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 4006008012
Special Listing Condition Standard
Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES