2444 Barry Av Los Angeles, CA 90064

$4,410,000
Los Angeles, CA   90064
0 Beds, 0.0 Baths, 0 sq ft, 16,200 sq ft lot, Built in 0
2444 Barry Av, Los Angeles, CA 90064 Photo 0
2444 Barry Av, Los Angeles, CA 90064 Photo 1
2444 Barry Av, Los Angeles, CA 90064 Photo 2
2444 Barry Av, Los Angeles, CA 90064 Photo 3
2444 Barry Av, Los Angeles, CA 90064 Photo 4
0 Beds,
0.0 Baths,
0 sq ft,
16,200 sq ft lot
Built in 0

Description

MLS# 18416270

We are pleased to present 2444, 2450 and 2454 Barry Ave, a high profile Condo / Small Lot Ordinance development opportunity located in West Los Angeles, California. The offering is currently comprised of two side-by-side triplexes and a duplex in West Los Angeles that sits on 16,200 SF land zoned LARD1.5. The Tier 3 TOC and current cash flow allows a developer to take advantage of the available density bonus and rental income while getting plans and permits to "ready to issue" status. This development project represents an opportunity for a developer to tap into a an emerging market where many millennial's are yearning to call home. The region is projected to add 12,000 residents through 2022, resulting in the formation of more than 7,600 households. The property is ideally located a few miles from the world famous beaches of Santa Monica & Venice and a short drive from the prominent cities of Century City, Westwood, Beverly Hills, Santa Monica and Brentwood. Listed by Filip Niculete, Marcus & Millichap.

Description

MLS# 18416270

We are pleased to present 2444, 2450 and 2454 Barry Ave, a high profile Condo / Small Lot Ordinance development opportunity located in West Los Angeles, California. The offering is currently comprised of two side-by-side triplexes and a duplex in West Los Angeles that sits on 16,200 SF land zoned LARD1.5. The Tier 3 TOC and current cash flow allows a developer to take advantage of the available density bonus and rental income while getting plans and permits to "ready to issue" status. This development project represents an opportunity for a developer to tap into a an emerging market where many millennial's are yearning to call home. The region is projected to add 12,000 residents through 2022, resulting in the formation of more than 7,600 households. The property is ideally located a few miles from the world famous beaches of Santa Monica & Venice and a short drive from the prominent cities of Century City, Westwood, Beverly Hills, Santa Monica and Brentwood. Listed by Filip Niculete, Marcus & Millichap.

Area
AREA: WLA - West Los Angeles
COUNTY: LA
Building Info
VIEW: See Remarks
Community
HOA DUES 1: 0.00
Land
LOT DIMENSIONS: A0.37
ZONE: LARD1.5
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