821 S GRAND VIEW Street, Los Angeles, CA 90057 (MLS # 19522942)

Price $5,990,000
Status Active
Beds 0
Baths 0 Bath
Home size 48,200 sqft
Lot Size 15,003 sqft
Days on Market 23
DOUBLE LOT, OPPORTUNITY ZONE. VACANT. ZONED R4-1, TOC TIER 3. (821-827 S. Grand View). In booming Westlake area of LA, just south of Mc Arthur Park, 1.5 blocks from METRO, West of DTLA. 100' of frontage on Grand View. Entitlements/RTI in process for 60 units. Plans submitted to LADBS. RTI expected in 9 months. 7 Units Affordable. Option to purchase now Pre-RTI, OR fully RTI delivery package ready to build. UNIT MIX: 29 STUDIOS; 22U X 1 BED/1 BA; 9U X 2 BED/2 BA. Over 1000 new apartment, hotel and retail units coming to the immediate area. McArthur Park and Lake slated for a $20mm renovation. Parking level designed with additional height to allow for 'Independent Mechanical Parking systems'. Seller/Agent do not guarantee any information in this listing. WALK SCORE 96! Buyer to conduct and rely solely on independent Buyer investigations regarding all matters affecting the property. Plans furnished upon request.
Property Type(s): Residential Income
Last Updated 10/22/2019 Year Built 1922
Community C42 - Downtown L.A. County Los Angeles

Additional Details

AREAC42 - Downtown L.A.
LOT0.3444 acre(s)



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Listing provided by : Tannaz Kamran-Rahbar CalDRE: 00951232, Keller Williams Rlty Brentwood

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