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$1,999,000
2499 Sawtelle BLVD Los Angeles, CA 90064
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$1,999,000
Est. payment /mo
4 BD
2 BA
1,773 SqFt
Active
2499 Sawtelle BLVD Los Angeles, CA 90064
UPDATED:
10/08/2024 06:01 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,773 sqft
Price per Sqft $1,127
MLS Listing ID 24415467
Bedrooms 4
HOA Y/N No
Year Built 1951
Lot Size 7,413 Sqft
Property Description
Great opportunity to live in one house while renting out the other house. Also a good candidate for development. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. This is a premier development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers aiming to create a high-density, multifamily residential project. Key features include a generous buildable area. The property spans 7,414 sq. ft. with a buildable square footage of 22,242 sq. ft., offering ample space for a substantial development. Optimized density and parking efficiency may benefit builder by offering up to a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information here is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation in order to confirm the accuracy of the information including but not limited to lot size, zoning, building requirements and restrictions. One unit may be delivered vacant at close of escrow. call listing agent for information regarding current rent roll. The remaining tenant will remain after close of escrow. Call listing agent for more information regarding the current rent roll. Showings will be scheduled by appointment with accepted offer subject to interior inspection.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Garage Driveway
Parking Type Driveway
Total Parking Spaces 2
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4260040015
Special Listing Condition Standard
Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES