ATTN INVESTORS AND DEVELOPERS: Large and Prime Mid-City LARD1.5 Development Lot. Was recently in escrow (Feb 2020) for almost $1 million, and NOW PRICED BELOW MARKET DUE TO COVID-19.
MOTIVATED SELLER & VACANT. There are LADBS vetted plans (possibly approved - via last escrow) for new construction 4-plex development (16BR, 16BA). Could also be 2 duplexes on a lot. Could also be Small Lot Subdivision. SELLER IS PRIMARILY LOOKING AT CASH OFFERS ONLY OR NON-CONTINGENT, TO BUY AS-IS.
The “X-Factor”? This property is a 100% FLAT SITE, yet perched on a hill with 180-degree CITY LIGHTS VIEWS of Hollywood Hills. MAKE OFFER NOW. There are at least 5 examples within a 2 mile radius of this property within last 24 months of “new construction 4 units” in this area built and already sold between $2.75 million - $3 million.
The Miracle Mile District is one of the city’s more densely populated areas, but is considerably more affluent than other high-density neighborhoods like Westlake and Koreatown.
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