1301 Colton St

    Los Angeles (City), CA 90026
    • $2,250,000
    • STATUS: Active
    • ON SITE: 126 days
    • ID#: 19479010
    UPDATED: 84 min ago
    $2,250,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T16:40:25.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/96017353

    1301 Colton St Los Angeles (City), CA 90026

    • Price: $2,250,000
    • Status: Active
    • Updated: 84 min ago
    • ID#: 19479010
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    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.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet View City Lights View YN Yes

    Property Features

    Association Fee 0.00 Special Listing Conditions Standard Sprinklers YN No

    Listing provided courtesy of Oron Maher of California Real Property, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T16:40:25.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,