$1,100,000
3321 W 63rd Street Los Angeles, CA 90043
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$1,100,000
Est. payment /mo
2,780 SqFt
Active
3321 W 63rd Street Los Angeles, CA 90043
UPDATED:
09/11/2024 10:30 AM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,780 sqft
Price per Sqft $395
MLS Listing ID CL24415301
HOA Y/N No
Year Built 1999
Lot Size 7,992 Sqft
Acres 0.18
Property Description
Great investment opportunity for builders to develop, investors to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs).Prime development opportunity in the vibrant and rapidly evolving 90043 zip code of Los Angeles. The parcel, zoned C2-2D-SP, offers significant potential for mixed-use development, benefiting from its designation as a TOC Tier 3 site. This tier allows for substantial density increases and parking reductions, enhancing the project's feasibility and attractiveness.Key Features include a generous buildable area with a lot size of 7,992 sq. ft. and a buildable square footage of 47,952 sq. ft., this property is ideal for creating a substantial mixed-use development. Density and parking benefits may allow a 70% density increase and a 50% reduction in parking requirements, optimizing the project's scope and efficiency. Situated in a bustling area with easy access to major thoroughfares and public transportation, this property is positioned to capitalize on the growing demand for residential and commercial spaces in Los Angeles. The strategic location ensures a steady influx of potential residents and businesses, making it a highly attract
Location
State CA
County Los Angeles
Area Listing
Zoning LAC2
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Parking Type Other
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 4006003035
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Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES
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