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5728 Waring Avenue

Los Angeles (City), CA 90038
  • $1,650,000
  • STATUS: Active Under Contract
  • ON SITE: 53 Days
  • ID#: 21108047
Under Contract
UPDATED: 79 min ago
$1,650,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,396
    SQFT
  • $1,182
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1906
County:

School Ratings & Info

Listing Agent(s): Daniel Shamooelian of Brc Advisors- Bh ()


Description

PRICE REDUCED! We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT 6,503 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! (currently owner occupied) The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants (3 blocks from Melrose Ave!), transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Lots of new development in this pocket! Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Do not disturb current occupants. Contact listing agent for more details!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T07:31:27.39. 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/123603355
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5728 Waring Avenue Los Angeles (City), CA 90038

  • Price: $1,650,000
  • Status: Active Under Contract
  • On Site: 53 Days
  • Updated: 79 min ago
  • ID#: 21108047
3
Beds
1
Baths
0
½ Baths
0.15
Acres
1,396
SQFT
$1,182
$/SQFT
1906
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
PRICE REDUCED! We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT 6,503 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! (currently owner occupied) The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants (3 blocks from Melrose Ave!), transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Lots of new development in this pocket! Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Do not disturb current occupants. Contact listing agent for more details!
Exterior Features

Architectural Style Other Parking Features Driveway Parking Total 2 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Property Features

Association YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T07:31:27.39. 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
Listing Agent(s): Daniel Shamooelian of Brc Advisors- Bh ()