2311 W 2nd Street

Los Angeles, CA 90057
$900,000
1290 sqft | 2 beds | 1 bath | 0.15 acres | #24368003
Courtesy of Keller Williams Beverly Hills

Description

Priced Reduced! Motivated Seller! SB8 Clearance, Phase 1 report, and a land survey are available upon request. First time on the open market in almost 40 years! This development opportunity features 6,467 SF of land with alley access, in sought after Westlake just South of Beverly Blvd. The property will be delivered fully vacant with SB8 excluded approval. This investment presents a developer the opportunity to purchase land in the coveted Silverlake Adjacent, located steps from Echo Park. The parcel is zoned R3-1 and located in a Transit Oriented Community Tier 1, allowing a developer to build up to ~9 large units at a low price per sf of $139. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to ~14 units. The subject property is centrally located within the heart of Westlake and Filipinotown. This parcel is a hidden gem in a gentrifying area surrounded by new developments. This site is located with close proximity to food destinations, bars, coffee shops, retail stores as well as Downtown LA, Silverlake, and K-Town. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer.Please do not contact the owner as the property is exclusively listed.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:2
      • Bathrooms:1
      • Full Baths:1
  • Property Details
    • Property
      • View:CityLights
      • Stories:1
      • Lot description:ValueInLand
    • Measurements
      • Acres:0.1485
      • Square Feet:1290
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1920
    • Material information
      • Foundation:Raised
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$900, 000
  • Other
    • Source
      • MLS #:24368003

Location

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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