$ 10,895,000
12124 Pacific Avenue Los Angeles, CA 90066
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$ 10,895,000
Est. payment | /mo
0.69 Acres Lot
$ 10,895,000
Est. payment | /mo
0.69 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL23321909
HOA Y/N No
Lot Size 0.689 Acres
Acres 0.69
Property Description
MAJOR PRICE REDUCTION!!! PRICE REDUCED $1,000,000!!! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. Owner can apply for additional density pursuant to the new State Density Bonus Law AB 1287. This will increase the density to 107 total units (86 Units plus 21 ADUs). The property is comprised of two lots with separate APN's that could be sold individually or together. Located within the heart of Mar Vista, this prime development site enjoys all the advantages of a thriving community. Nestled between the Pacific Ocean and vibrant urban centers, Mar Vista offers an idyllic coastal lifestyle with easy acce
Location
State CA
County Los Angeles
Area Listing
Zoning R3-1
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4235025032
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Listed by Gary Fox • Miller & Desatnik Realty Co.
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States