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    2029 W Washington Boulevard

    Los Angeles (City), CA 90018
    • $12,500,000
    • STATUS: Active Under Contract
    • ON SITE: 241 days
    • ID#: 20549146
    Under Contract
    UPDATED: 64 min ago
    $12,500,000
    • 0
      BEDS
    • 1.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Where can you find 1.20 acres, C1.5 zoning, and an unbeatable Los Angeles location for a little over $238 per square foot? The site has great frontageand accessibility. Own an entire Los Angeles block from Harvard to Kingsley on Washington Blvd. C1.5 Zoning - 131 units by-right and 210 units per TOC Tier 2 Density Bonus. Roughly 1.2 ACRES (52,363 +/- SF) +/- of LAND and 13,378 +/- SF of Gross Leasable Area in the Harvard Heights area of Los Angeles. Property consists of 6 lots and 4 buildings. Lots 81-84 on Map Sheet 126B193 on Zimas. Use your creative/imaginary side! *Please see supplemental documentation for due diligence. *

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T14:31:34.703. 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/102781185
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    2029 W Washington Boulevard Los Angeles (City), CA 90018

    • Price: $12,500,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • ID#: 20549146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.2
    Acres
    2020
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Where can you find 1.20 acres, C1.5 zoning, and an unbeatable Los Angeles location for a little over $238 per square foot? The site has great frontageand accessibility. Own an entire Los Angeles block from Harvard to Kingsley on Washington Blvd. C1.5 Zoning - 131 units by-right and 210 units per TOC Tier 2 Density Bonus. Roughly 1.2 ACRES (52,363 +/- SF) +/- of LAND and 13,378 +/- SF of Gross Leasable Area in the Harvard Heights area of Los Angeles. Property consists of 6 lots and 4 buildings. Lots 81-84 on Map Sheet 126B193 on Zimas. Use your creative/imaginary side! *Please see supplemental documentation for due diligence. *
    Exterior Features

    Lot Size Dimensions 223X224 Lot Size Source Assessor Lot Size Units Square Feet

    Property Features

    Additional Parcels YN Yes Country Us Gross Income 4860000.00 Gross Multiplier 11.80 Gross Operating Income 4860000.00 Gross Scheduled Income 4860000.00 Land Lease YN No Lot Dimensions Source Assessor Net Operating Income 3645000.00 Operating Expense 112500.00 Operating Expense Percent 25.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 1215000.00 Vacancy Allowance Rate 0.00 Zoning Lac1.5

    Listing provided courtesy of Clinton Brown of Exclusive Realty Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T14:31:34.703. 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.

     
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