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1220 Veteran Ave 0.19 Acres of Commercial Land Offered at $5,500,000 in Los Angeles, CA 90024
Investment Highlights
- Opportunity to build +- 18 units or Remodel units plus add ADUs by TOC Tier 4
- Central Location as Westwood Village, Beverly Hills, Santa Monica
- Walk Score 91
- LAR4 Zoning Allows for Mixed Use Development
- All Major Public Transportations in walking distance and property near 405 Freeway
Executive Summary
Currently the property consists of 5 units: 4 units are 2 bedrooms and 1 bath and 1 unit is 1 bedroom and 1 bath. 3 of the units will be delivered vacant and can immediately be improved and re re-rented. Great opportunity for someone to use for owner use and or their imagination to make this unique location into anything they like.
call broker for seller incentive
call broker for seller incentive
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Property Facts Under Contract
1 Lot Available
Lot
| Price | $5,500,000 | Lot Size | 0.19 AC |
| Price Per AC | $28,947,368.42 |
| Price | $5,500,000 |
| Price Per AC | $28,947,368.42 |
| Lot Size | 0.19 AC |
Value Add opportunity. Approx 8287 SQFT lot zoned R-4 ,TOC Tier 4 on Veteran Avenue, just south of Wilshire Blvd. With easy access to the 405 Freeway, this central location makes a commute to the Valley, Downtown or LAX International Airport
Description
Currently One build five units Built in the 1936 According to LACP
1 1
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4324-002-010 | Improvements Assessment | $1,030,474 |
| Land Assessment | $2,649,792 | Total Assessment | $3,680,266 |
Property Taxes
Parcel Number
4324-002-010
Land Assessment
$2,649,792
Improvements Assessment
$1,030,474
Total Assessment
$3,680,266
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1220 Veteran Ave
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