1507 Hi Point Street

    Los Angeles (City), CA 90035
    • $7,350,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: 19507594
    Price Reduced
    UPDATED: 63 min ago
    $7,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    PRICE REDUCED BY $645,000! New Price: $7,350,000. Berkadia is pleased to present 1507-1511 Hi Point, which offers a developer the opportunity to purchase a Fully Entitled, 40 Luxury Residential Unit Development Site with RTI Permits (including mechanical, electrical, and plumbing, etc.), just minutes to Beverly Hills. The 40 units are comprised of an approved unit mix of 23 - 2 bed / 2 bath units, averaging 1,014 SF; and 17 - 3 bed / 2 bath units, averaging 1,505 SF. In addition to qualifying for Tier 3 TOC Benefits (Transit Oriented Corridor, Tier 3), there are no linkage fees and no existing rent-controlled housing to demolish. The flat, rectangular 17,678 SF double lot is currently improved with two single-family homes. The subject site is located just south of the Beverly Hills border, in an area that is currently experiencing transformative development. Additional APN: 5068-016-008 (1511 Hi Point Street).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-21T12:26:18.217. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.

    www.j1re.com/homes/98691653

    1507 Hi Point Street Los Angeles (City), CA 90035

    • Price: $7,350,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 19507594
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    PRICE REDUCED BY $645,000! New Price: $7,350,000. Berkadia is pleased to present 1507-1511 Hi Point, which offers a developer the opportunity to purchase a Fully Entitled, 40 Luxury Residential Unit Development Site with RTI Permits (including mechanical, electrical, and plumbing, etc.), just minutes to Beverly Hills. The 40 units are comprised of an approved unit mix of 23 - 2 bed / 2 bath units, averaging 1,014 SF; and 17 - 3 bed / 2 bath units, averaging 1,505 SF. In addition to qualifying for Tier 3 TOC Benefits (Transit Oriented Corridor, Tier 3), there are no linkage fees and no existing rent-controlled housing to demolish. The flat, rectangular 17,678 SF double lot is currently improved with two single-family homes. The subject site is located just south of the Beverly Hills border, in an area that is currently experiencing transformative development. Additional APN: 5068-016-008 (1511 Hi Point Street).
    Exterior Features

    Lot Size Source Assessor

    Property Features

    Additional Parcels YN Yes Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Adrienne Barr of Berkadia and Brent Sprenkle of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-21T12:26:18.217. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.

     
    J1 REALTY GROUP
    16755 Von Karman Ave, Ste 200
    Irvine CA, 92606