Residential For Sale | Home | Single family
245 North Gramercy Place . Central LA , CA 90004
For sale 6,884 square foot lot allowing a developer to build 5 units by-right. House Delivered Vacant. The property is also located in a TOC Tier 2 location, which allows for a 60% increase in buildable units. For more information about this transaction please contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
3 beds
| 1 bath
| 1888 sq. ft.
Posted: 08/30/2021 1:33 pm
| On HOMEiZ: 963 days |
Updated: 2 years ago
| Views: 779
Location Map
Property Type
Sold
Property Price
$1480000
$1480000
08/30/2021
1888
6,884
Sq. Ft.
$784
1918
Good
1.25%
$18500
$
No HOA dues
2.5%
Financing
This property can be financed
Yes
No
No
No
No
Yes
Property Location & Description
For sale 6,884 square foot lot allowing a developer to build 5 units by-right. House Delivered Vacant. The property is also located in a TOC Tier 2 location, which allows for a 60% increase in buildable units. For more information about this transaction please contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
6,884 square foot lot is zoned R3, however it has a Q condition which limits the number of buildable units to 1 unit per 1,200 square feet of land, allowing a developer to build 5 units by-right. However, the property is also located in a TOC Tier 2 location, which allows for a 60% increase in buildable units, as long as the developer sets aside 9% of the units for extremely low income tenants. Utilizing this bonus, the developer will be allowed to build a maximum of 10 units, with only 1 of those units being restricted for low income housing.
Great Hankock Park Location
Home information
3
1
5516-019-002
$3500
Property Information
Sidewalks
Street Lighting
None
Building and Construction
None
Stucco
Wood products
1
No Data
Room Features
Utilities
Central
Forced air
Other
Sewer
Sewer System (Public)
Parking
On-street
No Data
None
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
21-701828
Open house
Listing Presented by
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