x
Address
1130 W Sunset Boulevard Los Angeles, CA
Price
$ 9,750,000
Property Attributes
  • MLS#RS18191909
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSunset Strip - Hollywood Hills West
  • Zip90012
  • Style
  • Price$ 9,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.76 Acres
Listing Provided Courtesy Of:
Frank Sergi with All California Brokerage Inc.
Property Description

Prime Echo Park Opportunity! Echo Park is an Eastside neighborhood with vibrant street murals and a lively nightlife scene. Surrounded by Dodger Stadium, Elysian Park, Angelino Heights and Chinatown Central Plaza, the area is booming. Brought about by the Chinatown Metro Line and the Transit Oriented Communities Affordable Housing Incentive Program, there are several new developments with hundreds of apartment units and thousands of square feet of retail in all phases of construction. The subject property is within a half-mile radius of the Chinatown Metro Red Line which is a vast transit community. The City of Los Angeles has officially given 1130 W. Sunset Blvd. a TIER TWO STATUS. Tier Two Status means: a 60% increase in residential density, a 30% decrease in the required width or depth of one individual yard or setback, a 45% increase in Floor Area Ratio, one parking spot per unit, regardless of the number of bedrooms in the unit or a 20% reduction in the nonresidential parking requirement Effective September 22, 2017, the City of Los Angeles instituted the Transit Oriented Communities Affordable Housing Incentive Program. This program allows developers to build significantly more units within Transit-Oriented Communities. Provided the developer dedicates nine percent (9%) of the units to affordable housing. Obtaining lots 6 & 7 located at 1132 W. Sunset. Blvd. (which separate part of the subject property) would add another 6,000 sq.ft. to a new development project.

Price History
8/8/2018 Listed $9,750,000

General Features

Community Features Curbs
Directions 101 Fwy to LA, exit N. Grand Ave., Left on W. Cesar / E. Cesar, which becomes Sunset Blvd, Property about 1/2 mile on the left.
HOA Fee 0.00
Listagentaor Rancho-Southeast
Listing Agent Frank Sergi - BRE#01232040
Listing Agent State License 01232040
MLS Area C03 - Sunset Strip - Hollywood Hills West
Price Per Square Foot 295.45
Source System CRMLS
Special Listing Conditions Standard
Zoning C2-1VL, ZI-2129

Exterior Features

Lot Features Lot 20000-39999 Sqft
Lot Size Acres 0.7576
Lot Size Area 33000.0000
Lot Size Square Feet 33000.00
Lot Size Units Square Feet
View None
Water Source Public

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 90012

Price
AVG $5.32M
$9.75M
Visits
AVG 137
271
Walkscore
AVG 90
85
Data Provided by Walkscore ® not using MLS data

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