We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, Los Angeles, California. The subject property is located in a great East Hollywood location, north of Beverly Boulevard and east of N Vermont Avenue. Originally built as two (2) separate SFRs on two… Read More (2) concurrent parcels, this redevelopment opportunity is zoned R3-1 with numerous project options. Totaling 15,016 SF, a developer could choose to simply add square footage and an ADU on each lot. The zoning allows for nine (9) units by-right on each lot which opens the door to a nice townhouse style redevelopment. Utilizing MIIP under CHIP, the recently upzoned land can take advantage of T-2 TOIC to add 110% density for up to twenty-one (21) units per lot. A completed project will enjoy the benefits of living in one of the best submarkets for absorption across the LA metro on a major commercial corridor with tons of activity nearby in Virgil Village, Silver Lake, Echo Park,Hollywood, and Koreatown. Residents will appreciate living next to trendy amenities across Virgil Avenue, Beverly Boulevard, and throughout the Eastside. Young professionals will appreciate the close proximity to the freeway, Downtown LA, and Hollywood. Situated in a prime East Hollywood location, this offering presents a rare opportunity to develop up to forty-two (42) units under CHIP on two (2) concurrent parcels in a rapidly developing submarket with strong absorption and rent growth. Read Less
Courtesy of CBRE
Listing Snapshot
Days Online
6
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
4
Square Ft.
2,866
Lot Size
0.34 Acres
Year Built
1906
MLS Number
25527823
30 Days Snapshot Of 90004
$1,691k
-27%
(avg) sold price
11
+10%
homes sold
56
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
2,866 sq ft, Built in 1906, Levels: One, Detached/No Common Walls, Craftsman
Cooling
Air Conditioning
Disclosures
As Is
Fireplaces
None
Floors
Wood
Garage
Driveway, Uncovered, Parking Space
Heating
Wall
Home Owner's Association
HOA Present
Laundry
None
Lot
LotAcreage: 0.33, LotSizeArea: 15,016, 2-4 Lots, City
Miscellaneous
None
Parking
TotalParking: 4
Pool
PoolYN: False, None
Property
OtherStructures: Other, PropertySubType: Single Family Residence, ViewDescription: City, ViewYN: 1, Zoning: LAR3, Tear Down, Value Mainly In Land
Spa
Has spa, None
Utilities
Water Heater Unit
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