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- LoopNet Team
3755 Beverly Blvd
Los Angeles, CA 90004
Land For Sale
·
0.55 ac
INVESTMENT HIGHLIGHTS
- Call For Offers by November 5, 2021
- Within Walking Distance of Beverly/Vermont Metro Station
- Qualified Opportunity Zone and Tier 4 TOC
- 110± Unit Mixed Use Development Site with 7,000± SF of Ground Floor Retail
- Zoned LA C2-2 & CM-1
- Per the Seller, All Leases Have a Demolition Clause or Are Short Term
PROPERTY FACTS
DESCRIPTION
110± unit mixed-use development site. 2-street corner frontage. 24,000± SF of land. East Hollywood/Koreatown/Silver Lake adjacent. Existing 14,000± SF medical/office building. Seller has approval from the City of Los Angeles to convert 7,000± SF of indoor parking into office. This would make the RBA closer to 21,000± SF. Located in qualified Opportunity Zone. TOC Tier 4. Per the seller, all leases have a demolition clause, or are short term. As the existing buildings are all commercial, there is no need to "Ellis Act" the existing tenants or make "Cash for Keys" payments to build. The project would be exempt from SB 330. Sale price TBD (call broker). Call for offers by November 5, 2021.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,061,166 | |
| Land Assessment | £4,842,504 | Total Assessment | £5,903,670 |
PROPERTY TAXES
