8867 Alcott Street, Los Angeles, CA 90035 | MLS 16162294 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

8867 Alcott Street,  Los Angeles CA, 90035

Status: Active
MLS#: 16162294
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Berkadia
Last Updated: 12/10/2016 1:37 AM
Description for 8867 Alcott Street Los Angeles, CA 90035
8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.
Price
$2,350,000
Los Angeles
16162294
Active
Description
8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.
Listing Information
Property Type: Land
0.16 Acres
Neighborhood
Room Information
Exterior / Lot Features
LAR3
Raw Land
Financial Considerations
4305014014
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90035 has a population of 3,804,503.

The median household income in Los Angeles, California 90035 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90035 is 34.1 years.

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Courtesy: Berkadia Brent Sprenkle
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Information is deemed reliable but is not guaranteed.

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