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3755 Beverly Blvd

Los Angeles, CA 90004
  • $8,300,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 21-796228
UPDATED: 154 min ago
$8,300,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

The subject property is an existing Office building on 24,000 SF of land. Preliminary analysis suggests up to 110 Apartment Units can be built with a ground floor retail component. 3755 Beverly is a rare site where a developer can build without having to relocate any existing residential tenants, which is a cost savings, and a new project would not be subject to SB 330 which would make the project subject to rent control if existing residential units were on site. The Buyer of 3755 Beverly may be able to utilize tax advantages due to the building's location in a Qualified Opportunity Zone. 3755 Beverly is located near various employment centers and as its location is near the 110 Freeway gives easy access to Downtown LA, Hollywood, and the San Fernando Valley. 3755 N Beverly lies at the intersection of Koreatown, Virgil Village, Historic Filipinotown, East Hollywood, and Silverlake. The immediate neighborhood is going through a rapid transition with a number of multi-family residential and commercial developments recently completed or under construction. A 68 unit project is under construction a couple blocks north on Oakwood Ave. To the south, a 490 unit mixed use project is planned. A 121 unit project was just completed on Mariposa and3rd Street. The location is within walking distance of the Beverly/Vermont Metro and in close proximity to trendy Los Feliz and Silverlake Nearby food and culture amenities include immensely popular Sqirl, Cafecito Organico, The Dog Caf, and Gabba Gallery.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. 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/122542912
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3755 Beverly Blvd Los Angeles, CA 90004

  • Price: $8,300,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 154 min ago
  • ID#: 21-796228
0
Beds
0
Baths
0
½ Baths
0.55
Acres
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
The subject property is an existing Office building on 24,000 SF of land. Preliminary analysis suggests up to 110 Apartment Units can be built with a ground floor retail component. 3755 Beverly is a rare site where a developer can build without having to relocate any existing residential tenants, which is a cost savings, and a new project would not be subject to SB 330 which would make the project subject to rent control if existing residential units were on site. The Buyer of 3755 Beverly may be able to utilize tax advantages due to the building's location in a Qualified Opportunity Zone. 3755 Beverly is located near various employment centers and as its location is near the 110 Freeway gives easy access to Downtown LA, Hollywood, and the San Fernando Valley. 3755 N Beverly lies at the intersection of Koreatown, Virgil Village, Historic Filipinotown, East Hollywood, and Silverlake. The immediate neighborhood is going through a rapid transition with a number of multi-family residential and commercial developments recently completed or under construction. A 68 unit project is under construction a couple blocks north on Oakwood Ave. To the south, a 490 unit mixed use project is planned. A 121 unit project was just completed on Mariposa and3rd Street. The location is within walking distance of the Beverly/Vermont Metro and in close proximity to trendy Los Feliz and Silverlake Nearby food and culture amenities include immensely popular Sqirl, Cafecito Organico, The Dog Caf, and Gabba Gallery.
Exterior Features

Cross Streets Beverly Blvd. & N. Juanita Ave. Lot Description 2-4 LotsRedevelopment AreaStreet Paved Lot Location CityCorner Lot Lot Size Area 24000 View Description None View YN No

Property Features

Cable YN Yes Public Street YN True Sale Type Standard Source Lot Size Area Other Zoning C2-2

Listing provided courtesy of Oron Maher DRE# of Maher Commercial Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. 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