12-25 Units
8,348 SF
6,649 SF (lot)
12 SpacesDescription
Unique opportunity for development on a quiet street located in desirable Westdale in West LA. Walkable to Coffee, Bank, and Groceries. Near the Exposition line, and many major employers of Silicon Beach and the West Side, including Google, Amazon, Sony, Hulu, Facebook, Activision, and more.
The property is currently a single family home with 2 bd 2 ba, 2 car garage. No tenants, will be delivered vacant. Endless possibilities: Up to 25 units under ED-1, or 19 Units by Right (via Brickwork), or by 3-4 Small Lot Subdivision, or whatever you can imagine!
Currently have Planning Approval Letter for 12 Units with 1:1 parking. Average income is over $130,000 in this area, and market rents are very handsome, and LACMA VPS rents are Tier II ($3,504 for 2bd) making this a very desirable build opportunity. Letter of determination from the city is available upon request from qualified buyers.
Call or Email the listing agent for additional information.
| Unit Mix | Type | SF | Pro Forma | PF Yearly |
|---|---|---|---|---|
| 3 | Studio | 433 SF | $2,730.00 | $8,190.00 |
| 3 | 1bd 1ba | 636 SF | $3,340.00 | $10,020.00 |
| 3 | 1bd 1ba | 621 SF | $3,260.25 | $9,780.75 |
| 2 | 1bd 1ba | 641 SF | $3,525.50 | $7,051.00 |
| 1 | Low Income | 607 SF | $2,055.00 | $2,055.00 |
| Amenities | Elevator, 11 Car Lift System + 1 Handicap Space, 14 Bike Spaces, Balconies, Private Outdoor Common Area with Barbeques | |||
| Totals | 12 Units | 6,959 SF | $37,096.75 | $445,161.00 |
