7130 Kittyhawk Av Los Angeles, CA 90045

$1,695,000
Los Angeles, CA   90045
0 Beds, 0.0 Baths, 0 sq ft, 9,006 sq ft lot, Built in 0
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0 Beds,
0.0 Baths,
0 sq ft,
9,006 sq ft lot
Built in 0

Description

MLS# 19440240

A remarkable multifamily development opportunity in red hot Westchester. 7130 Kittyhawk is a charming 4-unit building sitting on an oversized 9,006 square foot R3-zoned lot with TOC Tier 1 designation. This combination allows an astute investor the ability to turn and renovate units or start from scratch and build 11 units by right or 18 units utilizing the parcel's TOC Tier 1 designation. At a price of $1,695,000, the cost per buildable unit is just $94,167 with a cost per foot of land at $188; both incredible numbers for a highly desirable Westside location. The site is surrounded by high-end multifamily projects that will be completed in the coming months, further establishing the luxury rental market in the immediate area and paving the way for record rents should a buyer choose to redevelop this property. Listed by Robert Renshaw, Remax Commercial & Investment .

Description

MLS# 19440240

A remarkable multifamily development opportunity in red hot Westchester. 7130 Kittyhawk is a charming 4-unit building sitting on an oversized 9,006 square foot R3-zoned lot with TOC Tier 1 designation. This combination allows an astute investor the ability to turn and renovate units or start from scratch and build 11 units by right or 18 units utilizing the parcel's TOC Tier 1 designation. At a price of $1,695,000, the cost per buildable unit is just $94,167 with a cost per foot of land at $188; both incredible numbers for a highly desirable Westside location. The site is surrounded by high-end multifamily projects that will be completed in the coming months, further establishing the luxury rental market in the immediate area and paving the way for record rents should a buyer choose to redevelop this property. Listed by Robert Renshaw, Remax Commercial & Investment .

Area
AREA: C29 - Westchester
COUNTY: LA
Building Info
VIEW: See Remarks
Community
HOA DUES 1: 0.00
Land
ZONE: LAR3
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