$1,200,000
For Sale

779 N Alexandria Avenue

Los Angeles, CA 90029
0.14 acres | #SR25008879
Listing OfficeWest Valley Plaza Realty
Type:Purchase
Structure:Land
Zone:Residential

Description

We are pleased to present an excellent development opportunity near Santa Monica Blvd and Normandie Ave in East Hollywood Boasting a lot size of +/- 6,000sq. ft., zoning of LARD1.5, and Tier 3 TOC designation, the potential possibilities for this property are endless! Buyer may be able to do affordable housing (ED-1) project on this lot! Buyer to investigate. The buyer can also reap tax benefits as the property is in an Opportunity Zone! Build more ADUs to generate additional rental income. Given the property's location with rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!

  • Property Details
      • Lot DescriptionZeroToOneUnitAcre
      • CountyLos Angeles
      • Original List Price$1,200,000
      • MLS #SR25008879
      • MLS #SR25008879
      • Property TypePurchase
      • Cost1200000
      • Acres0.1355
      • Utility SourcePublic
      • Property SubtypeLand

Location

Diana HernandezReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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