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Price Reduction - Views - Lease to Own
Address
821 S GRAND VIEW Street Los Angeles, CA
Price
$ 5,500,000
Property Attributes
  • MLS#19522942
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 5,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage48200
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Tannaz Kamran-Rahbar with Keller Williams Rlty Brentwood.
Property Description

DOUBLE LOT, OPPORTUNITY ZONE. VACANT. ZONED R4-1, TOC TIER 3. (821-827 S. Grand View). In booming Westlake area of LA, just south of Mc Arthur Park, 1.5 blocks from METRO, West of DTLA. 100' of frontage on Grand View. Entitlements/RTI in process for 60 units. Plans submitted to LADBS. RTI expected in 9 months. 7 Units Affordable. Option to purchase now Pre-RTI, OR fully RTI delivery package ready to build. UNIT MIX: 29 STUDIOS; 22U X 1 BED/1 BA; 9U X 2 BED/2 BA. Over 1000 new apartment, hotel and retail units coming to the immediate area. McArthur Park and Lake slated for a $20mm renovation. Parking level designed with additional height to allow for 'Independent Mechanical Parking systems'. Seller/Agent do not guarantee any information in this listing. WALK SCORE 96! Buyer to conduct and rely solely on independent Buyer investigations regarding all matters affecting the property. Plans furnished upon request.

Price History
10/22/2019 Listed $5,990,000
11/14/2019 9% - $5,500,000

General Features

Directions 1.5 BLOCKS SOUTH OF WILSHIRE, 3 BLOCKS EAST OF HOOVER
Listagentaor Beverly Hills/Greater LA
Listing Agent Tannaz Kamran-Rahbar - BRE#00951232
Listing Agent State License 00951232
MLS Area C42 - Downtown L.A.
Price Per Square Foot 114.11
Source System CRMLS
Special Listing Conditions Standard
Total Units 60
Zoning LAR4

Interior Features

Laundry Features See Remarks
Laundry Y/N Yes
Total Stories 6

Exterior Features

Building Area Total 48200.00
Lot Size Acres 0.3444
Lot Size Area 15000.0000
Lot Size Square Feet 15000.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Garage
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90057

Price
AVG $6.04M
$5.5M
Visits
AVG 29
10
Year Built
AVG 1965
1922
Walkscore
AVG 89
96
Data Provided by Walkscore ® not using MLS data

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