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9,352 Sqft Lot
$ 3,000,000
Est. payment | /mo
9,352 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24470149
HOA Y/N No
Lot Size 9,352 Sqft
Acres 0.21
Property Sub-Type Unimproved Land
Property Description
We are thrilled to present a prime development opportunity at 1420 S Point View St, Los Angeles, CA. This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. The approved plans outline the development of 28 apartment units, totaling 30,115 square feet of gross building area. The proposed design includes 3 studio/one-bath units, 6 one-bedroom/one-bath units, and 19 two-bedroom/two-bath units, with three apartments designated for extremely low-income tenants.1420 S Point View St is located in Pico-Robertson neighborhood of Los Angeles, which has an average household income of nearly $117,000 within a one-mile radius, highlighting its appeal to high-earning renters. This location is surrounded by a diverse range of restaurants, nightlife, and shopping options. It is just a short drive from attractions such as LACMA, The Grove, and The Farmers Market. The area is rated as "Very Walkable" by Walk Score, and easy access to the 10 Freeway makes commuting around Los Angeles convenient.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5068012024
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Listed by Filip Niculete • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "