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4155 Wilshire Boulevard

Los Angeles (City), CA 90010
  • $6,500,000
  • STATUS: Active Under Contract
  • ON SITE: 300 Days
  • ID#: 24358203
Under Contract
UPDATED: 52 min ago
$6,500,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Dario Svidler of Keller Williams Beverly Hills (310-432-6400) and Jordan Petito of ()


Description

We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-11T17:36:45.607. 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 The Schwaegerle Team | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.soldslocounty.com/homes/147611851
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4155 Wilshire Boulevard Los Angeles (City), CA 90010

  • Price: $6,500,000
  • Status: Active Under Contract
  • On Site: 300 Days
  • Updated: 52 min ago
  • ID#: 24358203
0
Beds
0
Baths
0
½ Baths
0.51
Acres
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
Property Description
We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!
Exterior Features

Parking Total 0 View YN Yes

Property Features

Association YN No Disclosures Methane Gas Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning CR(PKM)-1 Tier 3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-11T17:36:45.607. 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 The Schwaegerle Team | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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The Schwaegerle Team | Keller Williams Realty Central Coast
350 James Way #130
Pismo Beach CA, 93449
Listing Agent(s): Dario Svidler of Keller Williams Beverly Hills (310-432-6400) and Jordan Petito of ()