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
Based on information from California Regional Multiple Listing Service, Inc. as of December 13, 2019 9:36 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The data relating to real estate for sale on this web site comes in whole or in part from the Victor Valley Internet Data Exchange program of the Victor Valley Multiple Listing Service. Information being provided is for consumers person, ie, non-commercial use and may NOT be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
