504 S Westlake Avenue

    Los Angeles (City), CA 90057
    • $3,000,000
    • STATUS: Active
    • ON SITE: 184 days
    • ID#: 19468536
    UPDATED: 54 min ago
    $3,000,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    504 South Westlake Avenue is a prime redevelopment opportunity in the highly sought-after Westlake submarket of Los Angeles. The subject lot features a 10,306 square foot R4 zoned lot with a total of two structures totaling 4,692 square feet with rear alley access. The structures consist of two one-story apartment buildings totaling ten units. All tenants are currently on month-to-month leases and there is a possibility to deliver up to four units vacant. The lot allows building up to 25 units by right and 44 using the TOC Tier 3 density bonus. Additionally, the property is located in a Qualified Opportunity Zone.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T08:29:43.753. 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/95013723

    504 S Westlake Avenue Los Angeles (City), CA 90057

    • Price: $3,000,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 19468536
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    504 South Westlake Avenue is a prime redevelopment opportunity in the highly sought-after Westlake submarket of Los Angeles. The subject lot features a 10,306 square foot R4 zoned lot with a total of two structures totaling 4,692 square feet with rear alley access. The structures consist of two one-story apartment buildings totaling ten units. All tenants are currently on month-to-month leases and there is a possibility to deliver up to four units vacant. The lot allows building up to 25 units by right and 44 using the TOC Tier 3 density bonus. Additionally, the property is located in a Qualified Opportunity Zone.
    Exterior Features

    Lot Size Units Square Feet View See Remarks View YN Yes

    Property Features

    Association Fee 0.00 Possible Use Comments Multifamily Development Special Listing Conditions Standard Zoning Lar4

    Listing provided courtesy of Guillermo Ma of Exp Realty Of California Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T08:29:43.753. 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.
     
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