CA > Los Angeles
Los Angeles, CA 90043,5758 11th Ave
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Los Angeles, CA 90043,5758 11th Ave
Los Angeles, CA 90043,5758 11th Ave
Los Angeles, CA 90043,5758 11th Ave
Los Angeles, CA 90043,5758 11th Ave
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Pure Luxury Realty

Pure Luxury Realty

+1(562) 392-0668
$ 1,050,000
Est. payment /mo
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Active

5758 11th Ave Los Angeles, CA 90043

5 Beds

2 Baths

2,378 SqFt

UPDATED:

09/11/2024 05:35 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,378 sqft

Price per Sqft $441

MLS Listing ID 24-415401

Bedrooms 5

Year Built 1920

Lot Size 7,479 Sqft

Acres 0.1717

Property Description

Great opportunity for a builder to develop, an investor to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unlock the potential of a prime development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 4 site, this property offers significant incentives for increased density and reduced parking requirements. The ample lot size and substantial allowable floor area make it an ideal choice for developers seeking to create a high-density, multifamily residential project. Key features include a generous Buildable Area: The property spans 7,479 sq. ft. with a buildable square footage of 22,437 sq. ft., providing ample space for a substantial development. Optimized density and parking efficiency may allow developer to benefit from an 80% increase in allowable density and a 55% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents . Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information given deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation in order to confirm the accuracy of all information including but not limited to lot size, zoning, development opportunities and building restrictions. One of the two units may be delivered vacant at close of escrow. showings will be scheduled by appointment with accepted offer subject to interior inspection. call listing agent for information on current rent roll.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Assigned

Garage Spaces 10.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by RE/MAX ESTATE PROPERTIES

Pure Luxury Realty

Broker

+1(562) 392-0668

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5758 11th Ave