3015-3031 West View Street
Los Angeles, CA 90016 ·
33,887 SF · Land For Sale
Transit Development - Jefferson & La Brea
|Price||N/A||Property Use Type||Vacant/Owner-User|
|Lot Size||33,887 SF||APN / Parcel ID||5049-034-009/010/011, 5049-039-015|
|Property Type||Land||Zoning Description||[Q] C1.5 1VL|
|Listing ID: 15117862||Date Created: 05/01/2007||Last Updated: 12/08/2009|
|Lot Size||33,887 SF||Commission Split||2.5%|
|Lot Type||Multifamily (land)|
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.
- 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
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