1130 W Sunset Bl Los Angeles, CA 90012

$9,750,000
Los Angeles, CA   90012
0 Beds, 0.0 Baths, 0 sq ft, 33,000 sq ft lot, Built in 0
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 0
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 1
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 2
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 3
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 4
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 5
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 6
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 7
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 8
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 9
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 10
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 11
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 12
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 13
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 14
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 15
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 16
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 17
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 18
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 19
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 20
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 21
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 22
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 23
1130 W Sunset Bl, Los Angeles, CA 90012 Photo 24
0 Beds,
0.0 Baths,
0 sq ft,
33,000 sq ft lot
Built in 0

Description

MLS# RS18191909

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. Listed by Frank Sergi, All California Brokerage Inc.

Description

MLS# RS18191909

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. Listed by Frank Sergi, All California Brokerage Inc.

Area
Building Info
VIEW: None
Exterior Features
LOT: Lot 20000-39999 Sqft
Community
HOA DUES 1: 0.00
COMMUNITY: Curbs
Land
WATER: Public
ZONE: C2-1VL, ZI-2129
Recently viewed

Nearby cities:    South Gate    Huntington Park    Montebello    Maywood    Glendale    Vernon