557 N Mariposa Av Los Angeles, CA 90004

$1,895,000
Los Angeles, CA   90004
0 Beds, 0.0 Baths, 0 sq ft, 16,500 sq ft lot, Built in 0
557 N Mariposa Av, Los Angeles, CA 90004 Photo 0
557 N Mariposa Av, Los Angeles, CA 90004 Photo 1
557 N Mariposa Av, Los Angeles, CA 90004 Photo 2
557 N Mariposa Av, Los Angeles, CA 90004 Photo 3
557 N Mariposa Av, Los Angeles, CA 90004 Photo 4
557 N Mariposa Av, Los Angeles, CA 90004 Photo 5
557 N Mariposa Av, Los Angeles, CA 90004 Photo 6
557 N Mariposa Av, Los Angeles, CA 90004 Photo 7
0 Beds,
0.0 Baths,
0 sq ft,
16,500 sq ft lot
Built in 0

Description

MLS# 18382278

LOCATED IN OPPORTUNITY ZONE. A rare offering in rapidly developing East Hollywood neighborhood and situated between Melrose Ave & Beverly Blvd, two of the most prestigious streets within Los Angeles, on a VACANT TIER ONE double lot comprised of 16,500+/- SF offering MULTIPLE EXIT STRATEGIES: (1) RTI building permits for 12 luxury 2-story townhouse style apt homes over basement garage with unit mix of ten 2BR/2.5BA & two 3BR/2.5BA units, (2) place condo tract map (at buyers expense) on existing RTI permits & sell as individual condos, (3) development opportunity to build up to 21 units per TOC Tier 1 guidelines w/ incentives of reducing open space by 20% and setbacks by 25%, etc, or (4) develop Small Lot Oridinance. Plans & reports available upon request. Centrally located with convenient access to 101 FWY and close to shops/restaurants & near Miracle Mile, Hollywood, Silverlake, Larchmont/Hancock Park & DTLA. SOLD AS IS. Buyer to verify all information. Listed by Shawn S. Kormondy, Keller Williams Beverly Hills.

Description

MLS# 18382278

LOCATED IN OPPORTUNITY ZONE. A rare offering in rapidly developing East Hollywood neighborhood and situated between Melrose Ave & Beverly Blvd, two of the most prestigious streets within Los Angeles, on a VACANT TIER ONE double lot comprised of 16,500+/- SF offering MULTIPLE EXIT STRATEGIES: (1) RTI building permits for 12 luxury 2-story townhouse style apt homes over basement garage with unit mix of ten 2BR/2.5BA & two 3BR/2.5BA units, (2) place condo tract map (at buyers expense) on existing RTI permits & sell as individual condos, (3) development opportunity to build up to 21 units per TOC Tier 1 guidelines w/ incentives of reducing open space by 20% and setbacks by 25%, etc, or (4) develop Small Lot Oridinance. Plans & reports available upon request. Centrally located with convenient access to 101 FWY and close to shops/restaurants & near Miracle Mile, Hollywood, Silverlake, Larchmont/Hancock Park & DTLA. SOLD AS IS. Buyer to verify all information. Listed by Shawn S. Kormondy, Keller Williams Beverly Hills.

  • Payment Calculator

    Down Payment:
    Loan Amount:
    Interest Rate:
    Loan Term:

    Principle & Interest Payment
  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C17 - Mid-Wilshire
COUNTY: LA
Building Info
VIEW: City Lights
Community
HOA DUES 1: 0.00
Land
ZONE: LAR3
Recently viewed

Nearby cities:    Huntington Park    Moorpark    San Gabriel    Commerce    South Pasadena    West Hollywood