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$ 1,500,000
Est. payment | /mo
1,860 SqFt
$ 1,500,000
Est. payment | /mo
1,860 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,860 sqft
Price per Sqft $806
MLS Listing ID CL26846279PS
HOA Y/N No
Year Built 1937
Lot Size 4,725 Sqft
Acres 0.1085
Property Sub-Type Single Family Residence
Property Description
Exceptional Mid-Wilshire Development Opportunity to acquire approx. 4,725 SF site in the heart of Mid-Wilshire Beverly Center-Miracle Mile. Located within a TOC Tier area and zoned LAR3/C1, the property offers potential access to density bonuses, parking reductions, and development incentives for multifamily and mixed-use projects. The versatile property features a large open-air ground-floor area and supports a wide range of potential uses, including multifamily residential, mixed-use, live/work, office, retail, and residential-commercial development. Residential projects are generally developed under R3 standards, creating an attractive framework for higher-density development. Ideally situated near the Miracle Mile, the property is just minutes from LACMA, the Academy Museum, Petersen Automotive Museum, La Brea Tar Pits, The Grove, Original Farmers Market, Koreatown, Beverly Hills, Culver City, and the Metro D Line Extension, with convenient access to the 10 Freeway. Surrounded by ongoing redevelopment and investment throughout Mid-Wilshire, this strategically located site offers exceptional long-term growth potential in one of Los Angeles' most desirable urban neighborhoods. Seller intends to complete a Section 1031 Tax-Deferred Exchange. Buyer agrees to cooperate with Seller's exchange at no additional cost or liability to Buyer.
Location
State CA
County Los Angeles
Zoning LAC1
Interior
Heating Central
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
View Y/N true
View City Lights
Private Pool false
Building
Story 2
Water Public
Architectural Style See Remarks
Level or Stories Two Story
New Construction No
Others
Tax ID 5085014035
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Listed by Eva Fairchild • Bennion Deville Homes
Nearby Locations
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States