Exceptional Mid-Wilshire Development Opportunity to acquire a 4,725 SF site in the heart of Mid-Wilshire Beverly Center-Miracle Mile. Located within a TOC Tier area and zoned LAR3/C1, the property offers potential access to density bonuses, parking reductions, and development incentives for multifamily and mixed-use projects. The versatile property features a… Read More large open-air ground-floor area and supports a wide range of potential uses, including multifamily residential, mixed-use, live/work, office, retail, and residential-commercial development. Residential projects are generally developed under R3 standards, creating an attractive framework for higher-density development. Ideally situated near the Miracle Mile, the property is just minutes from LACMA, the Academy Museum, Petersen Automotive Museum, La Brea Tar Pits, The Grove, Original Farmers Market, Koreatown, Beverly Hills, Culver City, and the Metro D Line Extension, with convenient access to the 10 Freeway. Surrounded by ongoing redevelopment and investment throughout Mid-Wilshire, this strategically located site offers exceptional long-term growth potential in one of Los Angeles' most desirable urban neighborhoods. Seller intends to complete a Section 1031 Tax-Deferred Exchange. Buyer agrees to cooperate with Seller's exchange at no additional cost or liability to Buyer. Read Less
Courtesy of Bennion Deville Homes 760-564-9685
Listing Snapshot
Days Online
11
Last Updated
Property Type
Single Family Residence
Square Ft.
1,860
Lot Size
0.11 Acres
Year Built
1937
MLS Number
26846279PS
30 Days Snapshot Of 90019
$986k
-30%
(avg) sold price
1
-92%
home sold
226
+205%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Other"
Building
1,860 sq ft, Built in 1937, Levels: "Two Level", "Attached", "Other"
Cooling
"Other"
Disclosures
"As Is"
Fireplaces
"None"
Floors
"Other"
Garage
"Private", "Garage - 4+ Car", "Garage Is Attached", "Above Street Level", "Other", "Workshop", "Driveway Gate", "Pull-through", "Controlled Entrance"
Water Features
Water: "District"
Heating
"Central"
Laundry
"Other"
Lot
LotAcreage: 0.1085, LotSizeArea: 4,725, LotSizeDimensions: 45x105, "Tear Down On Lot", "Lot-Level/Flat", "Exterior Security Lights", "Walk Street", "Value In Land", "Street Lighting", "Near Public Transit", "City"
Miscellaneous
"Other"
Pool
"None"
Property
LandLeaseType: "Other", OtherStructures: "None", PropertySubType: Single Family Residence, ViewDescription: "Walk Street", "City", ViewYN: t, Zoning: LAC1, "Tear Down", "Value Mainly In Land", "None"
Sewer
"In Street"
Spa
"None"
Utilities
"Water Heater Unit"
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