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3415 Bellevue Avenue

Los Angeles (City), CA 90026
  • $1,450,000
  • STATUS: Active Under Contract
  • ON SITE: 17 days
  • ID#: 21746150
Under Contract
UPDATED: 30 min ago
$1,450,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are pleased to present this REO sale where a buyer has the opportunity to acquire a very well located 4 unit property in Silver Lake or a rare redevelopment opportunity. The property is 100% vacant.The current 4-unit property has 2,840 SqFt and sits on a 7,508 SqFt lot (0.17 acres), and it has a unit mix of (3) 1-Bed / 1-Bath units and (1) 2-Bed / 1-Bath unit. Furthermore, there is a stand alone structure with a two car garage in the middle of the property which is ideal for ADU conversion. We have already received two bids on the cost to convert the garage into 1 or 2 ADUs. To receive this bids or to learn more about the process, please give us a call/email today.Therefore, this opportunity is perfect for the value add investor who wants a fully vacant 4-unit property to fix up and add at least 1 additional unit through the new ADU laws.This opportunity could also be perfect for a developer. This 7,508 SqFt lot is zoned R3-1VL, which allows a developer to build a maximum of 14 units with a max building envelope of 19,440 SqFt when utilizing the state density bonus, which means at least 2 of the 14 units would need to be low income units. Therefore, a developer would be able to purchase this project for $103,571 per buildable unit, which is right in line with comparable land sales in this great location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-25T07:40:29.087. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/118003636
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3415 Bellevue Avenue Los Angeles (City), CA 90026

  • Price: $1,450,000
  • Status: Active Under Contract
  • Updated: 30 min ago
  • ID#: 21746150
0
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
671 - Silver Lake
County:
Los Angeles
Area:
671 - Silver Lake
Property Description
We are pleased to present this REO sale where a buyer has the opportunity to acquire a very well located 4 unit property in Silver Lake or a rare redevelopment opportunity. The property is 100% vacant.The current 4-unit property has 2,840 SqFt and sits on a 7,508 SqFt lot (0.17 acres), and it has a unit mix of (3) 1-Bed / 1-Bath units and (1) 2-Bed / 1-Bath unit. Furthermore, there is a stand alone structure with a two car garage in the middle of the property which is ideal for ADU conversion. We have already received two bids on the cost to convert the garage into 1 or 2 ADUs. To receive this bids or to learn more about the process, please give us a call/email today.Therefore, this opportunity is perfect for the value add investor who wants a fully vacant 4-unit property to fix up and add at least 1 additional unit through the new ADU laws.This opportunity could also be perfect for a developer. This 7,508 SqFt lot is zoned R3-1VL, which allows a developer to build a maximum of 14 units with a max building envelope of 19,440 SqFt when utilizing the state density bonus, which means at least 2 of the 14 units would need to be low income units. Therefore, a developer would be able to purchase this project for $103,571 per buildable unit, which is right in line with comparable land sales in this great location.
Property Features

Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lar3

Listing provided courtesy of Filip Niculete of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-25T07:40:29.087. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583