Historical Land Sale Listing - Transit Development - Jefferson & La Brea

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Transit Development - Jefferson & La Brea

3015-3031 West View Street, Los Angeles, CA 90016

N/A

Land

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Land - Off Market

Price:
N/A
Property Type:
Land
Property Sub-type:
Multifamily (land)
Additional Sub-types:
Retail (land)
APN / Parcel ID:
5049-034-009/ 010/ 011, 5049-039-015
Zoning Description:
[Q] C1.5 1VL
Listing ID
15117862
Last Updated
over 1 year ago

1 Lot

Lot 1

  • N/A
  • 33,887 SF
  • Multifamily (land)
  • 2.5%

Highlights

  • Transit Oriented Development
  • Affordable Housing / Student Housing Potential
  • Commercial Zone [Q] C1.5 VL
  • Four separate Tax Lots
  • 9 existing semi detached bungalow units + 6 unit bldg
  • Favorable 2-4 unit financing available to buyer

Description

Mixed-use residential development site consisting of 4 separate tax lots in the West Adams District of Los Angeles. This project is just one block NE of the impending Transit stop for the Expo Rail Line extension which will run from Downtown LA / USC to Culver City. Future extensions are tentatively planned to carry the rail line to the beach. The site is approximately 33,887 +/- sf total (5,837sf, 13,764 sf, 10,497sf, and 3,789 sf) and is currently configured as 9 garden style partially detached bungalow units and one 6-unit building. The units are legally separated into a duplex, triplex and four-plex and six-unit apartment units; As such a buyer can obtain favorable acquisition financing using 2-4 unit lenders and higher LTV's. Three of the units are currently vacant and up to 7 more can be delivered vacant at Close of escrow. This site would be ideal for mixed-use residential, affordable housing condo or apartment, senior housing, or potentially student housing once the rail line has been completed.

This site is located immediately North of Jefferson Boulevard and East of La Brea Boulevard. It is approximately 1/2 mile south of the Santa Monica (10) Freeway and 1 mile east of Culver City.

Map of 3015-3031 West View Street, Los Angeles, CA 90016 (Los Angeles County)

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Created 5/1/2007