$1,650,000
For Sale

1932 Park Avenue

Los Angeles, CA 90026
2660 sqft | 4 beds | 3 baths | #22178697
Courtesy of Keller Williams Beverly Hills
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Description

TOC Planning approved 14-Unit Development Opportunity ( 3 ADU's can be added ) in prime Echo Park location steps away from Echo Park lake, dining and nightlife on Sunset Blvd. Sited on a street to street lot (Park & Bonnie Brae Ave) with sweeping views of DTLA skyline and lake. TOC incentives include 63' height limit, reduced front and side yard setbacks and 7 parking spaces. Inclusive of the 14 units, (3) units will be affordable [ (2) ELI and (1) VLI ]. Construction documents available, but have not been submitted to plan check. The lot is 6,232 Sq Ft zoned R3 - Tier 3. Currently improved with 2600 SF (4)unit apartment building (all one bed/i bath) with one vacancy. Current monthly income $3,735
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  • Interior Details
    • Beds & Baths
      • Bedrooms:4
      • Bathrooms:3
  • Property Details
    • Property
      • View:CityLights, Lake
      • Stories:2
    • Measurements
      • Acres:0.1451
      • Square Feet:2660
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1948
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 650, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:22178697

Location

Dina ClemonsReal Estate Group
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