4545 -4537 Santa Monica Boulevard,Los Angeles, CA 90029
Los Angeles, CA 90029
Description
We are pleased to present a 9,986 square foot redevelopment site located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). Tier 3 TOC allows the current plans to feature twenty-three (23) total units. Additionally, the TOC bonus incentives allow for a 72ft height limit, an increase to the transitional height, a reduction to open space, and a front step back height increase. With TOC incentives, a developer has the option to build up to forty-three (43) residential units. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on redeveloping a vacant laundromat utilizing ED1 or TOC.
Details
| MLS# | 23332445 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 531 |
| Listing Provided By | Marcus & Millichap 818-212-2700 | Jason Tuvia |
Features
| SQ Feet | 4,350 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Zoning | LAC2-1D |
| Acreage | 0.23 |
Market Activity 90029
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90029 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90029) | |
Price: $2,195,000 low | high Med: $1,897,000 SqFt: 4,350 low | high Med: 3,787 $ / SqFt: $505 low | high Med: $501 On site: 531 low | high Med: 55.500000 | |