6313 S Victoria Ave, Los Angeles, CA 90043 – 24-415251

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$1,399,000

Est. payment - /mo

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6 BD

4 BA

2,951 SqFt

Price Dropped by $101K

6313 S Victoria Ave Los Angeles, CA 90043

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

09/11/2024 05:33 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,951 sqft

Price per Sqft $474

MLS Listing ID 24-415251

Bedrooms 6

Year Built 1924

Lot Size 0.261 Acres

Acres 0.2613

Property Description

Great investment opportunity for builders, investors and owner-users. Buy and hold or develop. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers looking to create a high-density, multifamily residential project in a promising area of Los Angeles.Key Features include ample Buildable Space: The property spans 11,384 sq. ft. with a buildable square footage of 34,152 sq. ft., offering substantial room for development. Optimized Density and Parking Efficiency: Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Its proximity to major transportation routes and urban amenities ensures strong demand and long-term growth potential, making it a highly attractive investment opportunity. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to investigate all building and zoning requirements including but not limited to lot size, to their satisfaction. Call listing agent for additional details on current rent roll.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR3

Rooms

Other Rooms Shed(s)

Interior

Heating Wall

Cooling None

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Covered Parking, Driveway

Garage Spaces 6.0

Building

Level or Stories One

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by RE/MAX ESTATE PROPERTIES