837 N Detroit St - Residential LAND FOR SALE


Los Angeles, CA 90046- Hollywood6,604 SF
$1,800,000 USD
310-498-8820
837 N Detroit St, Los Angeles, CA for Sale
$1,800,000 USD
Residential LAND - FOR SALE
1/5
6,604 SF

837 N Detroit St
Los Angeles, CA 90046
Hollywood


HIGHLIGHTS

  • Great Development Potential: R3 zoned lot. Can build up to six units (where one must be affordable housing).
  • Desirable asset in one of Los Angeles’s most trendy areas. Fairfax area duplex with owner user or potential development opportunity.
  • Walking distance to Sprouts Market, Burke Williams, Wells Fargo, Chipotle and Orangetheory Fitness.
  • Occupancy Rates in Fairfax sub market are consistently above 93%
  • Excellent Demographics and dense infill area with Median Household Income over $90,000 and Median Housing Value of $1,500,000 in a half mile radius.
  • Proximity to main shopping centers, such as the West Hollywood Gateway, The Grove, Beverly Center and Beverly Connection.

OVERVIEW

CONTACT BROKER FOR OM Oakmore Inc. , on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 837 N Detroit St, Los Angeles, CA 90046 (the “Property”). The Property consists of a ±2,415 SF building on a ±0.15 acre (±6,605 SF) parcel of land. The Property is owner occupied and will be delivered vacant at close. The Property boasts an outstanding location, in the heart of the West Hollywood-Adjacent Fairfax neighborhood, just one block west of La Brea Blvd and a block and a half north of Melrose, one of the most trendiest locations in Los Angeles. A new owner can capitalize on this amazing location to market the property, and/or develop a new six unit multi family property, where one unit meets affordable housing requirements (conduct your own due diligence to verify accuracy). The Property is centered in one of the most a hip, stylish and dense neighborhoods of Los Angeles, that is predominantly single-family homes. Located just to the east of West Hollywood, it is bordered by Hancock Park to the east, Hollywood to the north, the south by Mid-Wilshire, and on the west by Beverly Grove. This culturally diverse neighborhood has become known for its trendy local businesses and commercial community, as well as its popularity with artists, musicians and creatives. Major restaurants and retailers located nearby include Sprouts, Chipotle, Pink’s Hot Dogs, BestBuy, Target, Starbucks, Crumbl, CVS, Jersey Mike’s, GNC, Mendocino Farms, McDonalds, and many more. Attractively priced at $1,800,000, 837 N Detroit St. provides investors with the rare opportunity to obtain a great potential multi family development opportunity in a prime Los Angeles location.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/ACRE

$11,871,007/AC

PRICE/SF

$273 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

W Hollywood Adj. Duplex-Potl Dev Site 6 Units

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

0.15 AC

LAND SF

6,605 SF

OFFSITE IMPROVEMENTS

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

ZONING

LAR3

APN/PARCEL ID

5525-003-016

ASK ABOUT THIS PROPERTY

Jeff SelickOakmore IncMore Info
310-498-8820

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

Jeff SelickOakmore IncMore Info
310-498-8820

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