641 N Western Ave
Los Angeles, CA 90004
Great opportunity on Western Ave. · Retail Property For Sale
Property Facts
Amenities
- Bus Line
About 641 N WESTERN AVE , LOS ANGELES, CA 90004
**Brochure attached for more detailed information** Located in the "Hancock Park-Wilshire/Hollywood" community on the South West of Western Ave and Melose Ave and just South of Hollywood (101) Fwy. The consists of one commercial building of 7,290 soft. on two lots of 13,650 soft. This is a great opportunity to acquire a perfect location in a very well established retail area. It is also a practicable Multifamily Development Site. Based on LAC2-1 zoning, it is possible to create a multifamily project of as many as 45 units on the lot. This assumes that one unit is of 400 soft. (34 units for 13,650 soft.) and a density bonus factor of 1.15. The property is also ideally within 1,500 feet of mass public transit and within a C-1 height District allowing for both an on menu 3:1 FAR density bonus and no height limitations. West of Western and South of Melrose
Property Taxes
| Parcel Number | 5522-010-022 | Improvements Assessment | $656,186 |
| Land Assessment | $3,718,395 | Total Assessment | $4,374,581 |
Property Taxes
