10939 Ohio Av Los Angeles, CA 90024

$4,100,000
Los Angeles, CA   90024
0 Beds, 0.0 Baths, 0 sq ft, 7,264 sq ft lot, Built in 0
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0 Beds,
0.0 Baths,
0 sq ft,
7,264 sq ft lot
Built in 0

Description

MLS# 19478834

We have been selected to exclusively market for sale 10939 Ohio Avenue, a rare trophy development opportunity in one of the most coveted rental markets of the Los Angeles MSA - Westwood. The approximately 7,265 SF redevelopment site is zoned [Q]R4-1L and falls under TOC Tier 3 eligibility, allowing for a savvy developer to build 18 units by right and up to 33 units with the density bonus. The asset is currently comprised of an 8-unit apartment building built in 1948, which allows a buyer to cash flow while they go through the entitlement process.Located on the Westside of Los Angeles, Westwood is one of the most sought out places to live in. Nearby neighborhoods include Holmby Hills, Wilshire Corridor, Bel Air, Brentwood, Beverly Hills, West Hollywood, & Santa Monica. Listed by Filip Niculete, Marcus & Millichap.

Description

MLS# 19478834

We have been selected to exclusively market for sale 10939 Ohio Avenue, a rare trophy development opportunity in one of the most coveted rental markets of the Los Angeles MSA - Westwood. The approximately 7,265 SF redevelopment site is zoned [Q]R4-1L and falls under TOC Tier 3 eligibility, allowing for a savvy developer to build 18 units by right and up to 33 units with the density bonus. The asset is currently comprised of an 8-unit apartment building built in 1948, which allows a buyer to cash flow while they go through the entitlement process.Located on the Westside of Los Angeles, Westwood is one of the most sought out places to live in. Nearby neighborhoods include Holmby Hills, Wilshire Corridor, Bel Air, Brentwood, Beverly Hills, West Hollywood, & Santa Monica. Listed by Filip Niculete, Marcus & Millichap.

Area
Building Info
VIEW: See Remarks
Community
HOA DUES 1: 0.00
Land
LOT DIMENSIONS: A0.17
ZONE: LAR4
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