1723 Corinth Ave
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1723 Corinth Ave
0.17 Acres of Commercial Land Offered at $2,295,000 in Los Angeles, CA 90025
Executive Summary
1723 Corinth Ave is a ten (10) unit multi-family property that has entitled plans for a new nine (9) unit project. Located in a wonderful west LA location the property is in close proximity to all restaurants and shops on Sawtelle Blvd, Westwood, Santa Monica and Century City.
The existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant. The building still requires the seismic retrofit work for the tuck under parking structure.
The seller's have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath Units. The new multi-family development does not require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.
The existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant. The building still requires the seismic retrofit work for the tuck under parking structure.
The seller's have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath Units. The new multi-family development does not require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.
Property Facts In Escrow
1 Lot Available
Lot
| Price | $2,295,000 | Lot Size | 0.17 AC |
| Price Per AC | $13,500,397 |
| Price | $2,295,000 |
| Price Per AC | $13,500,397 |
| Lot Size | 0.17 AC |
7,359 SF Lot. Zoned LAR3 - The seller's have fully entitled plans for a new nine (9) unit development project. The new multi-family development does not require any of the units to be designated as low income and does not fall under SB8.
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 4261-017-008 | Improvements Assessment | $546,820 |
| Land Assessment | $2,187,291 | Total Assessment | $2,734,111 |
PROPERTY TAXES
Parcel Number
4261-017-008
Land Assessment
$2,187,291
Improvements Assessment
$546,820
Total Assessment
$2,734,111
zoning
| Zoning Code | LAR3 |
| LAR3 |
-
Errol Spiro -
Jon Bloom -
Miller & Desatnik Realty Corp.
(310) 202-9166
x303
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1723 Corinth Ave
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