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744 S Carondelet St

Los Angeles, CA 90057
  • $1,395,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: 22-206029
Price Reduced
UPDATED: 61 min ago
$1,395,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

744 S Carondelet St, an ideal multifamily development opportunity totaling 7,500 SF of vacant land zoned R4-1 in a Tier 3 TOC located between W 7th & W 8th St in the Westlake neighborhood of Los Angeles, a half block from MacArthur Park and walking distance to Alvarado St Opportunity to build 19 units by-right or up to 33 if the TOC benefits are utilized; the property is currently being used as a parking lot At the asking price, the property is being offered for at $186 PSF on the land and low $42,273 price per buildable unit Located in a rapidly gentrifying area illustrated through the influx of new development in the area; the subject property is located in front of a proposed 264-unit apartment project, The Parkview, located at 739 Park View St High Walk Score of 93, close proximity to schools such as Hoover St Elementary, employment in Koreatown, Westlake, and Downtown Los Angeles, and transit options within walking distance along W 8th St Highly desirable rental submarket shown through multifamily rent growth year-over-year; the subject property is centrally located with easy access to the 10, 110, and 101 Freeways, making a commute easy throughout the entire city

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-03T16:43:33.92. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/133690687
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744 S Carondelet St Los Angeles, CA 90057

  • Price: $1,395,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 61 min ago
  • ID#: 22-206029
0
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
744 S Carondelet St, an ideal multifamily development opportunity totaling 7,500 SF of vacant land zoned R4-1 in a Tier 3 TOC located between W 7th & W 8th St in the Westlake neighborhood of Los Angeles, a half block from MacArthur Park and walking distance to Alvarado St Opportunity to build 19 units by-right or up to 33 if the TOC benefits are utilized; the property is currently being used as a parking lot At the asking price, the property is being offered for at $186 PSF on the land and low $42,273 price per buildable unit Located in a rapidly gentrifying area illustrated through the influx of new development in the area; the subject property is located in front of a proposed 264-unit apartment project, The Parkview, located at 739 Park View St High Walk Score of 93, close proximity to schools such as Hoover St Elementary, employment in Koreatown, Westlake, and Downtown Los Angeles, and transit options within walking distance along W 8th St Highly desirable rental submarket shown through multifamily rent growth year-over-year; the subject property is centrally located with easy access to the 10, 110, and 101 Freeways, making a commute easy throughout the entire city
Exterior Features

Lot Size Area 7500 View Description CityCity Lights View YN Yes

Property Features

Cable YN No Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lar4

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap: 310-909-5500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-03T16:43:33.92. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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