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    3415 Bellevue Ave

    Los Angeles, CA 90026
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 7 days
    • ID#: 21-746150
    Under Contract
    UPDATED: 9 min ago
    $1,450,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present this REO sale where a buyer has the opportunity to acquire a very well located 4 unit property in Silver Lake or a rare redevelopment opportunity. The property is 100% vacant.The current 4-unit property has 2,840 SqFt and sits on a 7,508 SqFt lot (0.17 acres), and it has a unit mix of (3) 1-Bed / 1-Bath units and (1) 2-Bed / 1-Bath unit. Furthermore, there is a stand alone structure with a two car garage in the middle of the property which is ideal for ADU conversion. We have already received two bids on the cost to convert the garage into 1 or 2 ADUs. To receive this bids or to learn more about the process, please give us a call/email today.Therefore, this opportunity is perfect for the value add investor who wants a fully vacant 4-unit property to fix up and add at least 1 additional unit through the new ADU laws.This opportunity could also be perfect for a developer. This 7,508 SqFt lot is zoned R3-1VL, which allows a developer to build a maximum of 14 units with a max building envelope of 19,440 SqFt when utilizing the state density bonus, which means at least 2 of the 14 units would need to be low income units. Therefore, a developer would be able to purchase this project for $103,571 per buildable unit, which is right in line with comparable land sales in this great location.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-15T18:42:55.96. 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.
    www.theparsonsrealestateteam.com/homes/118002997
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    3415 Bellevue Ave Los Angeles, CA 90026

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 9 min ago
    • ID#: 21-746150
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    We are pleased to present this REO sale where a buyer has the opportunity to acquire a very well located 4 unit property in Silver Lake or a rare redevelopment opportunity. The property is 100% vacant.The current 4-unit property has 2,840 SqFt and sits on a 7,508 SqFt lot (0.17 acres), and it has a unit mix of (3) 1-Bed / 1-Bath units and (1) 2-Bed / 1-Bath unit. Furthermore, there is a stand alone structure with a two car garage in the middle of the property which is ideal for ADU conversion. We have already received two bids on the cost to convert the garage into 1 or 2 ADUs. To receive this bids or to learn more about the process, please give us a call/email today.Therefore, this opportunity is perfect for the value add investor who wants a fully vacant 4-unit property to fix up and add at least 1 additional unit through the new ADU laws.This opportunity could also be perfect for a developer. This 7,508 SqFt lot is zoned R3-1VL, which allows a developer to build a maximum of 14 units with a max building envelope of 19,440 SqFt when utilizing the state density bonus, which means at least 2 of the 14 units would need to be low income units. Therefore, a developer would be able to purchase this project for $103,571 per buildable unit, which is right in line with comparable land sales in this great location.
    Exterior Features

    Lot Size Area 7507 View Description Other View YN Yes

    Property Features

    Cable YN No Sale Type Standard Source Lot Size Area Other Zoning Lar3

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-15T18:42:55.96. 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.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101