Great opportunity for a developer to build, an investor to buy and hold or as an owner-user property. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). An exceptional development opportunity , located in a desirable area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a prime location. Key Features include ample buildable space. The property spans 7,201 sq. ft. with a buildable square footage of 21,603 sq. ft., providing a solid foundation for a substantial development. Located in a dynamic and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, and other urban amenities, ensuring strong demand and sustained growth potential. All information provided is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigations to confirm accuracy of all information including but not limited to lot size, zoning, planing and building restrictions. The property may be delivered vacant at close of escrow. Unit mix is three 1/1’s and two 2/1’s. Showings will be scheduled by appointment with an accepted offer subject to interior inspection. call listing agent for additional information regarding the current rent roll.
Property Details
Price:
$1,650,000
MLS #:
24415385
Status:
Pending
Baths:
0
Address:
7045 S La Cienega Boulevard
Type:
Residential Income
Neighborhood:
c29westchester
City:
Los Angeles
Listed Date:
Jul 14, 2024
State:
CA
ZIP:
90045
Lot Size:
7,204 sqft / 0.17 acres (approx)
Year Built:
1953
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Schools
Interior
Appliances
Refrigerator
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Garage – Three Door
Parking Spots
3.00
Stories Total
2
Financial
Map
Community
- Address7045 S La Cienega Boulevard Los Angeles CA
- AreaC29 – Westchester
- CityLos Angeles
- CountyLos Angeles
- Zip Code90045
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Courtesy of RE/MAX ESTATE PROPERTIES. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
7045 S La Cienega Boulevard
Los Angeles, CA
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