1723 Corinth Ave - Commercial LAND FOR SALE


Los Angeles, CA 90025 7,405 SF
$2,295,000 USD
310-202-9166
1723 Corinth Ave, Los Angeles, CA for Sale
$2,295,000 USD
Commercial LAND - FOR SALE
1/1
7,405 SF

1723 Corinth Ave
Los Angeles, CA 90025


OVERVIEW

1723 Corinth Ave is a ten (10) unit multi-family property that has entitled plans for a new nine (9) unit project. Located in a wonderful west LA location the property is in close proximity to all restaurants and shops on Sawtelle Blvd, Westwood, Santa Monica and Century City. The existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant. The building still requires the seismic retrofit work for the tuck under parking structure. The seller's have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath Units. The new multi-family development does not require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/ACRE

$13,500,365/AC

PRICE/SF

$310 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.17 AC

LAND SF

7,405 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LAR3

APN/PARCEL ID

4261-017-008

ASK ABOUT THIS PROPERTY

Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

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Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.