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- LoopNet Team
570 N Normandie Ave
Los Angeles, CA 90004
LA's "Best" Single Lot Development Site · Land For Sale · 0.21 AC
Investment Highlights
- Perfect Zoning.
- Extremely large single lot. Existing non RSO. Delivered Vacant.
- Corner Site.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.21 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.21 AC |
Description
Evanisko is pleased to offer for sale this extremely rare multifamily zoned lot. The property is well aligned for new multifamily development due to a slew of advantageous factors. This is not an RTI project. The concept conveyed (in collaboration with Aaron Brumer and Assoc., Architects) takes advantage of an approximate 9’ grade differential by placing the garage entrance at the lowest point. Without leveraging TOC height increase, 18 units could still potentially average +/ 800 SF. Reasons why if you every considered a single lot development site that this could be the one: Uncommonly large size for a single lot. ….almost like a very small double lot in size. Raised corner site. Project ingress/egress, views, and project visibility are all maximized. R3-1. Perhaps the most attractive multifamily zone. Transit Oriented. Tier 1. Located in the Opportunity Zone. Property delivered vacant. Non RSO. No recognized historic potential.
zoning
| Zoning Code | R3-1 |
| R3-1 |
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