$8,800,000
$7,999,888
10.0%For more information regarding the value of a property, please contact us for a free consultation.
0.69 Acres Lot
SOLD DATE : 02/02/2022
Key Details
Sold Price $8,800,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21209738
Sold Date 02/02/22
HOA Y/N No
Lot Size 0.688 Acres
Acres 0.6876
Property Description
We are proud to offer this amazing opportunity to acquire a .69 Acre High Density Infill Multi Family R3 Lot in the heart of one of the hottest real estate markets in Los Angeles. This Prime Redevelopment 29,951 Sqft Lot is very rare and may allow 50+ residential units. Please complete your own due diligence to determine the exact use and number of units. The site is currently being used as a Religious Facility and Preschool/Child Care Center. The Property will be delivered vacant at close of escrow. The Property has 3 buildings totaling +/-12137 sqft consisting of a Church Sanctuary, Fellowship Hall & Classrooms, Child Center Center / Preschool, and 32 Parking Spots. This is perfect for an Owner/User ,Investor, Developer, or 1031 Exchange.
Assessor Parcel Number is 4235-025-032.
Located in the Mar Vista area of West Los Angeles near the corner of Venice & Grandview, you are a short drive away from the booming markets of Venice Beach. Marina Del Rey, Culver City, Santa Monica and Playa Vista. You also are in the heart of town within walking distance to amazing retail, restaurants, and the well known Mar Vista Sunday Farmers Market. You have a High Walkability Score with easy access to public transportation and 405/10 freeway.
This property can be held as an investment allowing you to earn income while you go through the Entitlement Process. The property location, zoning and size allows any Developer, Investor, or User the ability to have a substantial redevelopment upside.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Fireplace No
Exterior
Community Features Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Not Available, Water Connected
View Y/N No
View None
Building
Water Public
New Construction No
Others
Senior Community No
Tax ID 4235025032
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Gary Fox • Miller & Desatnik Realty Co.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "