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    1813 Grace Ave

    Los Angeles, CA 90028
    • $4,750,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 20-568696
    UPDATED: 33 min ago
    $4,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1924 & 1937, this unique property made up of two fourplexes will be delivered completely vacant. This is an ideal true value-add investment or redevelopment opportunity in one of the most soughtafter locations in all of Los Angeles. The lot is 13,256 SF currently zoned {Q} R4-2 in a Tier 3 TOC. Additionally, the property is located within a Qualified Opportunity Zone.This exclusive pocket of Hollywood remains one of the most desirable addresses for both living and working. With the median household income continuing to rise and average home value of over $1 million within three miles, the demand for apartment units increases year-over-year exemplified with surrounding new residential and office developments as well as major employers established in the submarket.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-15T13:43:00.07. 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.
    www.randyplaice.com/homes/106576345
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    1813 Grace Ave Los Angeles, CA 90028

    • Price: $4,750,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 20-568696
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Built in 1924 & 1937, this unique property made up of two fourplexes will be delivered completely vacant. This is an ideal true value-add investment or redevelopment opportunity in one of the most soughtafter locations in all of Los Angeles. The lot is 13,256 SF currently zoned {Q} R4-2 in a Tier 3 TOC. Additionally, the property is located within a Qualified Opportunity Zone.This exclusive pocket of Hollywood remains one of the most desirable addresses for both living and working. With the median household income continuing to rise and average home value of over $1 million within three miles, the demand for apartment units increases year-over-year exemplified with surrounding new residential and office developments as well as major employers established in the submarket.
    Exterior Features

    Lot Size Area 13256 View Description Other View YN Yes

    Property Features

    Cable YN Yes Hoa Fee1 0.00 Sale Type Standard Source Lot Size Area Assessor Zoning {Q}R4-2

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-15T13:43:00.07. 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.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355