Property listed by Keller Williams Beverly Hills, Arash Pashaei 310-432-6400
1234 W 39th Place
Los Angeles, CA 90037
Beds
16
Baths
16
Square Ft.
8,421
$1,100,000
RTI Development Project with SB8 Exemption letter in hand. Ready to Start Construction!! Perfectly designed RTI development opportunity with Ready-To-Issue (RTI) permits, located in the highly coveted USC/Exposition Park neighborhood. This site includes approved RTI plans for a 6-unit apartment building, in one of Los Angeles' most vibrant and rapidly… Read More growing areas. The plans feature three townhome-style buildings, two of each are three stories high, along with an additional two-story building at the rear. The layout offers a great mix of unit types: the front building contains two townhomes, each with 3 bedrooms and 3 bathrooms; the middle building includes two townhomes, each with 4 bedrooms and 4 bathrooms; and the rear building consists of two 1-bedroom, 1-bathroom oversized ADU's, with the potential to add more bedrooms due to available spaces. All units are thoughtfully designed to optimize both space and comfort. The property is ideally located near USC where newly constructed properties are consistently sold at premium prices or fully leased upon completion. The plans have been thoroughly vetted and are ready for immediate issuance, eliminating the typical delays associated with project approvals. With SB-8 in effect, fewer new constructions are underway, making properties like this an even rarer and more sought-after asset. This presents a unique opportunity to invest in a fully planned housing development in one of Los Angeles' most dynamic neighborhoods. Just down the street from Exposition Park, home to numerous stadiums and museums, a half-billion-dollar project is set to be completed before the upcoming Olympics. Whether you're an investor or a developer, this project offers the potential for significant returns in an exceptionally desirable location. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
16
Full Baths
16
Square Ft.
8,421
Lot Size
0.16 Acres
Year Built
1913
MLS Number
25576867
30 Days Snapshot Of 90037
$699k
-5%
(avg) sold price
6
0%
homes sold
47
-41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1913, Building area total: 8,421, Levels: One, Living area: 8421, 1 story, Architectural style: MidCenturyModern, Common walls: NoCommonWalls
Cooling
CentralAir
Fireplaces
None
Floors
Wood
Heating
Central
Lot
0.1551 acres, 6,755 square feet, Size: 6,755
Parking
2 totals parking, Carport
Pool
None
Property
Zoning: LARD1.5, None
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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