957 Arapahoe Street

    Los Angeles (City), CA 90006
    • $3,900,000
    • STATUS: Active
    • ON SITE: 181 days
    • ID#: SR19085138
    UPDATED: 22 min ago
    $3,900,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    An oversized 17,100 SF, R4-1, TOC Tier 3 double lot with one seller. The site+GGs zoning and location is conducive for virtually all forms of multifamily development including market rate, co-living, and affordable housing. From an entitlement perspective, the site is as perfect as they come; no specific plan, base density under site plan review threshold, no HPOZ, no [Q] conditions, etc. Even one of the lots has been demolished and cleared. On the other lot there is a triplex with three month to month tenants.The perfect canvas for anyone looking to develop multifamily in the City of Los Angeles without the entitlement red tape.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. 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/93728726

    957 Arapahoe Street Los Angeles (City), CA 90006

    • Price: $3,900,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: SR19085138
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    Neighborhood:
    KREA - Koreatown
    County:
    Los Angeles
    Area:
    KREA - Koreatown
    Property Description
    An oversized 17,100 SF, R4-1, TOC Tier 3 double lot with one seller. The site+GGs zoning and location is conducive for virtually all forms of multifamily development including market rate, co-living, and affordable housing. From an entitlement perspective, the site is as perfect as they come; no specific plan, base density under site plan review threshold, no HPOZ, no [Q] conditions, etc. Even one of the lots has been demolished and cleared. On the other lot there is a triplex with three month to month tenants.The perfect canvas for anyone looking to develop multifamily in the City of Los Angeles without the entitlement red tape.
    Exterior Features

    Lot Features Lot 10000-19999 SqftRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet View City LightsHillsNeighborhood View YN Yes

    Property Features

    Additional Parcels Description 5076005008 Additional Parcels YN Yes Association Fee 0.00 Association YN No Community Features GuttersStorm DrainsStreet LightsUrban Country Us Distance To Water Comments Dwp Elevation Units Feet Improvements 957 Was An Sfr That Has Been Demolished. 961 is A Triplex. Land Lease YN Yes New Construction YN No Possible Use Comments 17100 Sf / 400 = 42.75 (43 Units) + 70% = 73.1 (74 Units Max Density Potential Under Toc). Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar4

    Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. 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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