Views
Address
824 W 164th Street Los Angeles, CA
Price
$ 2,900,000
Property Attributes
  • MLS#SR21007164
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan South
  • Zip90247
  • Style
  • Price$ 2,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Francis Evanisko with Evanisko Realty & Investment.
Data Source:
CRMLS
Property Description

Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030 Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit Potential A real estate assemblage well poised for multifamily housing development. The following are in proper alignment to create a compelling affordable housing development opportunity: One Seller. A cohesive Selling entity has proven valuable in structuring acquisitions of this nature. Never underestimate the value of transacting with one Seller. Zoning. R4-1. No funky [Q]’s and no specific plan will allow for project planning under probably one of the City of Los Angeles’ most attractive multifamily zoning designations. Site Orientation. Corner site with alley will allow for optimality of design efficiencies for project access, configuration, etc. Deal Size. Projects in the 50–100-unit range optimizes financing considerations for affordable housing development. State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.

Price History
1/12/2021 Listed $3,500,000
3/3/2021 18% - $2,900,000

General Features

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Listing Agent Francis Evanisko - BRE#01790747
Listing Agent State License 01790747
MLS Area C37 - Metropolitan South
Property Type Land
Special Listing Conditions Standard
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
View City Lights, Mountain(s), Neighborhood
Zoning LAR4

Exterior Features

Lot Features 26-30 Units/Acre, 36-40 Units/Acre, 31-35 Units/Acre, Corner Lot, Level, Rectangular Lot, Tear Down
Lot Size Acres 0.46
Lot Size Area 19901
Lot Size Source Assessor
Lot Size Square Feet 19901
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90247

Price
AVG $2.14M
$2.9M
Visits
AVG 31
71
Walkscore
AVG 83
82
Data Provided by Walkscore ® not using MLS data

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