map Map favorite Favorite share Share Facebook Favorite print Print
Photo
Photo Photo

1045 W Vernon Avenue

Los Angeles, CA 90037

$1,250,000

Listed Price
N/A

bed Beds

4

shower Baths

3,574 sqft

straighten / sqft

calendar_month Built

Property Description

Great investment opportunity for a builder to develop, and investor to buy and hold or as an owner-user property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unveil the potential of a prime development opportunity located in a bustling area of Los Angeles. Zoned C2-2D-CPIO and designated as a TOC Tier 3 site, this property provides substantial incentives for increased density and reduced parking requirements. The generous lot size and significant allowable floor area make it ideal for developers aiming to construct a high-density project.Key Features:Extensive Buildable Area: The property covers 9,757 sq. ft. with a buildable square footage of 58,542 sq. ft., offering ample space for a significant development. Optimized density and parking efficiency may provide a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. It's strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. Units are comprised of three 1/1's and one 3/1. All information given is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation to confirm accuracy of information including but not limited to lot size, zoning, building requirements and restrictions. Call listing agent for additional information regarding current rent roll. 3 of the units may be delivered vacant at close of escrow. Showings will be by appointment only with accepted offer subject to interior inspection.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms 4
Interior Information
Cooling Type None

Listing Information

Address 1045 W Vernon Avenue
City Los Angeles
State CA
Zip 90037
County Los Angeles
Listing Agent Shamim Khorsand Mashhadi DRE#02042990
Courtesy Of RE/MAX ESTATE PROPERTIES
MLS 24415361
List Price $1,250,000
Status Active
Type Residential Income
Structure Size 3,574
Lot Size 9,757
DOM 58

Exterior Information

Maps

home_work Nearby Properties

Image

$4,700/month

king_bed 4
shower 4
straighten 1,800
straighten 6,320
1037 W 43Rd Street,

Los Angeles, CA 90037
Image

$3,195,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,320
1037 W 43Rd Street,

Los Angeles, CA 90037
Image

$2,050/month

king_bed 2
shower 1
straighten 700
straighten 6,784
1056 W 42Nd Place,

Los Angeles, CA 90037
Image

$2,500/month

king_bed 2
shower 1
straighten 2,226
straighten 5,487
961 43Rd Place,

Los Angeles, CA 90037
Image

$2,050,000

king_bed 4
shower 4
straighten 6,750
straighten 8,014
4529 S Vermont Avenue,

Los Angeles, CA 90037

Listing information courtesy of: Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 11th, 2024 at 5:45 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.