HUGE PRICE REDUCTION! HIGHLY MOTIVATED SELLERS! Land development opportunity / existing building on a signaled corner location surrounded by explosive growth in the Palms neighborhood of West Los Angeles. Owner / User has operated site as a restaurant continuously for the last 50 years, and is now closed. The potential for this property as based on its flexible C2-1 zoning ranges from continuing with it's most current use, or as a variety of other commercial operations. It's Highest & Best Use would be as a mixed-use development of up to 40 residential units coupled with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. This is a Trust Sale with no court confirmation required.
| MLS # | 23291576 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1931 |
| Days On Site | 1137 |
| Listing Provided By | Merrill Paul Leeds, Broker | Merrill Leeds |
| SQ Feet | 4,437 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.23 |
| Heating | Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Flat |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Corner Lot, Over40Units Acre, Near Public Transit, Rectangular Lot, Value In Land |
| Electric | Standard |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90034 |
| Area | C13 Palms Mar Vista |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90034 |
| Area | C13 Palms Mar Vista |