Description
Presented for sale are 3 large lots in an Opp. Zone within a block of each other, all prime for re-development.14519 Sylvan Street, is an apprx 28k SF (Q)C2-1L-CDO w/an existing 39k SF office building. The property is at the intersection of 2 alleys (additional density) and was recently up-zoned to Tier 4 TOC. Build 143 units! Or make it a mixed-use property. The other 2 properties are currently used as parking lots for the office building. Zoned R3-1, 14606 Sylvan St. is apprx 16k SF & Tier 3 & 14602 Friar St. is around 14k SF & recently upzoned to Tier 4. Build 3 different projects in phases or at once w/economies of scale & see if there are any additional benefits that can be had with density or parking. With TOC and alley-density, a combined project could yield 210 units. Properties are currently tied together through parking covenants. At a blended $47k per buildable door with no RSO, Ellis or relocation issues this property is priced to sell. Fast terms will get a stronger deal.
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0BEDS
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1.33ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Presented for sale are 3 large lots in an Opp. Zone within a block of each other, all prime for re-development.14519 Sylvan Street, is an apprx 28k SF (Q)C2-1L-CDO w/an existing 39k SF office building. The property is at the intersection of 2 alleys (additional density) and was recently up-zoned to Tier 4 TOC. Build 143 units! Or make it a mixed-use property. The other 2 properties are currently used as parking lots for the office building. Zoned R3-1, 14606 Sylvan St. is apprx 16k SF & Tier 3 & 14602 Friar St. is around 14k SF & recently upzoned to Tier 4. Build 3 different projects in phases or at once w/economies of scale & see if there are any additional benefits that can be had with density or parking. With TOC and alley-density, a combined project could yield 210 units. Properties are currently tied together through parking covenants. At a blended $47k per buildable door with no RSO, Ellis or relocation issues this property is priced to sell. Fast terms will get a stronger deal.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-19T15:43:01.083. 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.