8620 Olin St Los Angeles, CA 90034

$2,400,000
Los Angeles, CA   90034
0 Beds, 0.0 Baths, 0 sq ft, 8,253 sq ft lot, Built in 0
8620 Olin St, Los Angeles, CA 90034 Photo 0
8620 Olin St, Los Angeles, CA 90034 Photo 1
8620 Olin St, Los Angeles, CA 90034 Photo 2
8620 Olin St, Los Angeles, CA 90034 Photo 3
8620 Olin St, Los Angeles, CA 90034 Photo 4
8620 Olin St, Los Angeles, CA 90034 Photo 5
8620 Olin St, Los Angeles, CA 90034 Photo 6
8620 Olin St, Los Angeles, CA 90034 Photo 7
0 Beds,
0.0 Baths,
0 sq ft,
8,253 sq ft lot
Built in 0

Description

MLS# OC19048329

Approved project for 5 new small lot SFRs. Potential $7mm+ in finished value once built. Delivered RTI, start construction right away. Olin 5 represents a rare opportunity to build new, high-end for-sale housing in a submarket that rarely sees this type of product built due to land supply being so constrained. Thus, when a project does become available, it sells quickly and for a premium, as evidenced by the Row 8/Cattaraugus project (just south of the subject site) which sold out within weeks for homes mostly in the $700/ft range. This project is located just adjacent (south of the 10 freeway) to the prime area of the Culver Citys Arts District which not only has an abundance of retail options, but is fastly becoming an entertainment hub that rival Hollywoods Media District. Apples original content division is in ramp-up mode and taking 128,000 sf at the old Surfas Culinary District site, Amazon Studios is leasing 75,000 sf at Culver & Washington, and Culver Studios is undertaking a 413,000 sf expansion. This area has become an extension of Silicon Beach, as 1.5 MM sf of creative office/commercial is planned or under construction. Recently Announced: Both Amazon & Apple are leasing 2nd buildings for their operations in the area. Listed by Bryant Brislin, The Hoffman Company.

Description

MLS# OC19048329

Approved project for 5 new small lot SFRs. Potential $7mm+ in finished value once built. Delivered RTI, start construction right away. Olin 5 represents a rare opportunity to build new, high-end for-sale housing in a submarket that rarely sees this type of product built due to land supply being so constrained. Thus, when a project does become available, it sells quickly and for a premium, as evidenced by the Row 8/Cattaraugus project (just south of the subject site) which sold out within weeks for homes mostly in the $700/ft range. This project is located just adjacent (south of the 10 freeway) to the prime area of the Culver Citys Arts District which not only has an abundance of retail options, but is fastly becoming an entertainment hub that rival Hollywoods Media District. Apples original content division is in ramp-up mode and taking 128,000 sf at the old Surfas Culinary District site, Amazon Studios is leasing 75,000 sf at Culver & Washington, and Culver Studios is undertaking a 413,000 sf expansion. This area has become an extension of Silicon Beach, as 1.5 MM sf of creative office/commercial is planned or under construction. Recently Announced: Both Amazon & Apple are leasing 2nd buildings for their operations in the area. Listed by Bryant Brislin, The Hoffman Company.

Area
AREA: C09 - Beverlywood Vicinity
COUNTY: LA
Building Info
VIEW: City Lights
Exterior Features
LOT: Level with Street, Lot Shape-Rectangular, Lot-Level/Flat
Community
HOA DUES 1: 0.00
COMMUNITY: Curbs, Storm Drains, Street Lighting, Urban
Land
WATER: Public
ZONE: LARD1.5
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