Shamim Khorsand Mashhadi
This listing was posted on RealtyWW.
$1,500,000
S Victoria Ave, Los Angeles, Home For Sale
Price:
$1,500,000
BR/BA:
6 BR, 4 BA
Location:
6313 S Victoria Ave, Los Angeles, CA
Description:
Great investment opportunity for builders, investors and owner-users. Buy and hold or develop. 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers looking to create a high-density, multifamily residential project in a promising area of Los Angeles.Key Features include ample Buildable Space: The property spans 11, 384 sq. ft. with a buildable square footage of 34, 152 sq. ft., offering substantial room for development. Optimized Density and Parking Efficiency: Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Its proximity to major transportation routes and urban amenities ensures strong demand and long-term growth potential, making it a highly attractive investment opportunity. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to investigate all building and zoning requirements including but not limited to lot size, to their satisfaction. Call listing agent for additional details on current rent roll.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i74098160
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More About this Listing: S Victoria Ave, Los Angeles, Home For Sale
S Victoria Ave, Los Angeles, Home For Sale is a Six Bedroom 4.5 Bath Single-Family Homes for Sale at 6313 S Victoria Ave in Los Angeles CA. Find other listings like S Victoria Ave, Los Angeles, Home For Sale and listings near 6313 S Victoria Ave by searching Oodle Classifieds for Six Bedroom 4.5 Bath Single-Family Homes for Sale in Los Angeles CA.
S Victoria Ave, Los Angeles, Home For Sale is a Six Bedroom 4.5 Bath Single-Family Homes for Sale at 6313 S Victoria Ave in Los Angeles CA. Find other listings like S Victoria Ave, Los Angeles, Home For Sale and listings near 6313 S Victoria Ave by searching Oodle Classifieds for Six Bedroom 4.5 Bath Single-Family Homes for Sale in Los Angeles CA.