CA > Los Angeles
Los Angeles, CA 90064,2499 Sawtelle Blvd
Los Angeles, CA 90064,2499 Sawtelle Blvd
Los Angeles, CA 90064,2499 Sawtelle Blvd
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$1,999,000
Est. payment /mo
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4 BD
2 BA
1,773 SqFt
Price Dropped by $96K

2499 Sawtelle Blvd Los Angeles, CA 90064

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Chan Wathen

Chan Wathen

+1(702) 461-7869

UPDATED:

10/08/2024 05:46 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,773 sqft

Price per Sqft $1,127

MLS Listing ID 24-415467

Bedrooms 4

Year Built 1951

Lot Size 7,415 Sqft

Acres 0.1702

Property Description

Great opportunity to live in one house while renting out the other house. Also a good candidate for development. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. This is a premier development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers aiming to create a high-density, multifamily residential project. Key features include a generous buildable area. The property spans 7,414 sq. ft. with a buildable square footage of 22,242 sq. ft., offering ample space for a substantial development. Optimized density and parking efficiency may benefit builder by offering up to a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information here is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation in order to confirm the accuracy of the information including but not limited to lot size, zoning, building requirements and restrictions. One unit may be delivered vacant at close of escrow. call listing agent for information regarding current rent roll. The remaining tenant will remain after close of escrow. Call listing agent for more information regarding the current rent roll. Showings will be scheduled by appointment with accepted offer subject to interior inspection.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Driveway

Garage Spaces 2.0

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by RE/MAX ESTATE PROPERTIES

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agent

Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

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2499 Sawtelle Blvd