HUGE PRICE REDUCTION! HIGHLY MOTIVATED SELLERS! Land development opportunity / existing building on a signaled corner location surrounded by explosive growth in the Palms neighborhood of West Los Angeles. Owner / User has operated site as a restaurant continuously for the last 50 years, and is now closed. The potential for this property as based on its flexible C2-1 zoning ranges from continuing with it's most current use, or as a variety of other commercial operations. It's Highest & Best Use would be as a mixed-use development of up to 40 residential units coupled with ground level retail, per Los Angeles TOC (Transit Oriented Communities) Tier 2 bonus guidelines. This is a Trust Sale with no court confirmation required.
MLS# | 23291576 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1931 |
Days On Site | 480 |
Listing Provided By | Merrill Paul Leeds, Broker 760-415-5015 | Merrill Leeds |
SQ Feet | 4,437 |
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Story(s) | 1 |
Building(s) | 1 |
Zoning | LAC2 |
Acreage | 0.23 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90034 |
Area | C13 Palms Mar Vista |
Listing VS Median (in 90034) | |
Price: $2,900,000 low | high Med: $2,900,000 SqFt: 4,437 low | high Med: 2,793 $ / SqFt: $654 low | high Med: $1,038 On Site: 480 low | high Med: 256.000000 |