1301 Colton St Los Angeles, CA 90026

$2,250,000
Los Angeles, CA   90026
0 Beds, 0.0 Baths, 0 sq ft, 11,174 sq ft lot, Built in 0
1301 Colton St, Los Angeles, CA 90026 Photo 0
1301 Colton St, Los Angeles, CA 90026 Photo 1
1301 Colton St, Los Angeles, CA 90026 Photo 2
0 Beds,
0.0 Baths,
0 sq ft,
11,174 sq ft lot
Built in 0

Description

MLS# 19479010

Reduced $250K-Owner is Motivated- Bring All Offers- Won't be Offended!- Two Options on this Site: (1) Purchase with existing entitlements for 29 units (only $77K/buildable door/RTI); or (2) Take advantage of TOC Tier 2 status, scrap existing plans and build potentially up to 48 units (only $47K/buildable door/raw land) . The property is currently fully entitled for a state-of-the-art 29 market-rate unit building with rental rates projected between $4.00-$4.60 per foot. At only $77,000/buildable door for an RTI site makes this one of the best deals on the market. Or, scrap the plans and start over, taking advantage of TOC Tier 2 status and re-entitle this site for potentially up to 48 unit- unheard of $47K/buildable door = Best Value Site in LA. The property is within close proximity to some of the hottest parts of Silverlake including Sunset Junction, Echo Park, Atwater Village and Downtown Los Angeles. Listed by Oron Maher, California Real Property, Inc.

Description

MLS# 19479010

Reduced $250K-Owner is Motivated- Bring All Offers- Won't be Offended!- Two Options on this Site: (1) Purchase with existing entitlements for 29 units (only $77K/buildable door/RTI); or (2) Take advantage of TOC Tier 2 status, scrap existing plans and build potentially up to 48 units (only $47K/buildable door/raw land) . The property is currently fully entitled for a state-of-the-art 29 market-rate unit building with rental rates projected between $4.00-$4.60 per foot. At only $77,000/buildable door for an RTI site makes this one of the best deals on the market. Or, scrap the plans and start over, taking advantage of TOC Tier 2 status and re-entitle this site for potentially up to 48 unit- unheard of $47K/buildable door = Best Value Site in LA. The property is within close proximity to some of the hottest parts of Silverlake including Sunset Junction, Echo Park, Atwater Village and Downtown Los Angeles. Listed by Oron Maher, California Real Property, Inc.

Area
AREA: 671 - Silver Lake
COUNTY: LA
Building Info
VIEW: City Lights
Exterior Features
LOT: Sprinklers None
Community
HOA DUES 1: 0.00
Land
ASSESSMENTS: None
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