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503 S Westlake Ave

Los Angeles, CA 90057
  • $1,990,000

    Price
  • 4

    Bed
  • 4

    Bath
  • 25,896

    SqFt

About the Listing X74583 - C110990

ATTENTION DEVELOPERS: OPPORTUNITY ZONE: R4-1 ZONED LOT WITH 7,748 SQFT LOT AREA PLUS REAR ALLEY, TOC TIER 3. PLANS HAVE BEEN SUBMITTED FOR A PRIME 36 UNIT DEVELOPMENT PRICED AT $55,300/DOOR. 4 units go to affordable. SALES PACKAGE INCLUDES ARCHITECTURAL PLANS, SURVEY REPORT, ALL APPROVALS TO DATE. 500 FEET TO MCARTHUR PARK!!! 980 FEET TO METRO ON ALVARADO!!! UNBELIEVABLE LOCATION, MEDIUM SIZED DEVELOPMENT PERFECT FOR THE AVERAGE DEVELOPER!!! HARD TO FIND OPPORTUNITY IN THE MOST UP-AND-COMING AREA OF LOS ANGELES. McARTUR PARK IS UNDERGOING A $20MM RENOVATION, THE AREA IS RAPIDLY GENTRIFYING WITH ACRES OF LAND SOON TO BE DEVELOPED INTO CONDOS, HOTELS, THEATERS, MUSEUMS AND APARTMENT UNITS. IMMEDIATE ACCES TO DOWNTOWN LA (5 min ride on the Metro). Currently a 4plex with $80,000 annual income and currently all units are 1bed, 1bath. All month to month.

Listing Highlights for 503 S Westlake Ave

Status Active
Days on Site 14
Property Type Business Opportunity
MLS ® 18385532
Year Built 1908
Total Square Footage 25,896
Lot/Acreage 0.18

Interior Details

  • Bedrooms: 4
  • Bathrooms: 4 Full
  • Appliances:
  • Air Cond:
  • Heating: Wall Heater
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: 26 car
  • Lot Dimensions: 50x150
  • Zoning: LAR4
  • Roof:
  • Others:
  • Sewer:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:
  • Parking Features: Above Street Level Parking

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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Listing Location

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503 S Westlake Ave Los Angeles, CA 90057

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Listing Courtesy of Tannaz Kamran-rahbar, Keller Williams Rlty Brentwood

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