$ 2,600,000
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$2,600,000
Price -
0
Bed - Bath
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0
SqFt
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About the Listing CLW-X7429504 - CLW-C141733
We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, LosAngeles, California. The subject property is located in a great East Hollywood location, north of Beverly Boulevard and east of N Vermont Avenue. Originally built as two (2) separate SFRs on two (2) concurrent parcels, this redevelopment opportunity is zoned R3-1 with numerous project options. Totaling 15,016 SF, a developer could choose to simply add square footage and an ADU on each lot. The zoning allows for nine (9) units by-right on each lot which opens the door to a nice townhouse style redevelopment. Utilizing MIIP under CHIP, the recently up zoned land can take advantage of T-2 TOIC to add 110%density for up to twenty-one (21) units per lot. A completed project will enjoy the benefits of living in one of the best submarkets for absorption across the LA metro on a major commercial corridor with tons of activity nearby in Virgil Village, Silver Lake, Echo Park,Hollywood, and Koreatown. Residents will appreciate living next to trendy amenities across Virgil Avenue, Beverly Boulevard, and throughout the Eastside. Young professionals will appreciate the close proximity to the freeway, Downtown LA, and Hollywood. Situated in a prime East Hollywood location, this offering presents a rare opportunity to develop up to forty-two (42) units under CHIP on two (2) concurrent parcels in a rapidly developing submarket with strong absorption and rent growth.
Listing Highlights for 443 - 449 N Virgil Ave
Status
Active
Days on Site
137
Property Type
Vacant Land
MLS ®
25527799
Year Built
Total Square Footage
0
Lot/Acreage
0.34
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Irregular Lot,Value In Land,No Land Lease
- Garage Capacity: N/A
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5539034008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
443 - 449 N Virgil Ave Los Angeles, CA 90004
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