3321 W 63rd St
Los Angeles, CA 90043
Multifamily Property For Sale · 2 Units

Prime investment opportunity in a prime location! Situated in a desirable area of Los Angeles and zoned C2, this property is perfect for substantial development under the CHIP program. With significant development potential and new density incentives, it is ideal for developers, investors, or owner-users, promising long-term value and excellent ROI. Contact us today to learn more!

Great investment opportunity for builders to develop, investors to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs).Prime development opportunity in the vibrant and rapidly evolving 90043 zip code of Los Angeles. The parcel, zoned C2-2D-SP, offers significant potential for mixed-use development, benefiting from its designation as a TOC Tier 3 site. This tier allows for substantial density increases and parking reductions, enhancing the project's feasibility and attractiveness.Key Features include a generous buildable area with a lot size of 7,992 sq. ft. and a buildable square footage of 47,952 sq. ft., this property is ideal for creating a substantial mixed-use development. Density and parking benefits may allow a 70% density increase and a 50% reduction in parking requirements, optimizing the project's scope and efficiency. Situated in a bustling area with easy access to major thoroughfares and public transportation, this property is positioned to capitalize on the growing demand for residential and commercial spaces in Los Angeles. The strategic location ensures a steady influx of potential residents and businesses, making it a highly attractive investment for developers. All information given is deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation to verify zoning, planning and building possibilities, including but not limited to lot size, to their satisfaction. Call listing agent for additional information on the current rent roll. This property may be delivered vacant at close of escrow. An additional 3/2 unit is under construction with permits, bringing total number of units to three 3/2's. Property will be shown by appointment with accepted offer subject to interior inspection.

Call listing agent for additional information regarding rent roll. This property is being used as 30+ Airbnb and can be delivered vacant at close of escrow. A 3rd permitted unit, a 3 /2 is in the process of being built. The stated livable square footage does not reflect the additional 3/2.