2311 W 2Nd Street

Los Angeles, CA 90057

$900,000

List Price

2

bed Beds

1

shower Baths

1,290 sqft

straighten / sqft

1920

calendar_month Built

Property Description

Priced Reduced! Motivated Seller! SB8 Clearance, Phase 1 report, and a land survey are available upon request. First time on the open market in almost 40 years! This development opportunity features 6,467 SF of land with alley access, in sought after Westlake just South of Beverly Blvd. The property will be delivered fully vacant with SB8 excluded approval. This investment presents a developer the opportunity to purchase land in the coveted Silverlake Adjacent, located steps from Echo Park. The parcel is zoned R3-1 and located in a Transit Oriented Community Tier 1, allowing a developer to build up to ~9 large units at a low price per sf of $139. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to ~14 units. The subject property is centrally located within the heart of Westlake and Filipinotown. This parcel is a hidden gem in a gentrifying area surrounded by new developments. This site is located with close proximity to food destinations, bars, coffee shops, retail stores as well as Downtown LA, Silverlake, and K-Town. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer. Please do not contact the owner as the property is exclusively listed.

Listing Information

List Price $900,000
Status Active
MLS 24368003
Type Residential
Subtype Single Family Residence
Year Built 1920
Lot Size 6,467
Structure Size 1,290
DOM 154
Courtesy Of Keller Williams Beverly Hills
Listing Agent Jacob Kesherim DRE#01928381

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 1
Fireplace Information
Features None

Exterior Information

Maps

Listing information courtesy of: Jacob Kesherim, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 17th, 2024 at 12:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.