We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, Los Angeles, California. The subject property is located in a great East Hollywood location, north of Beverly Boulevard and east of N Vermont Avenue. Originally built as two (2) separate SFRs on two… Read More (2) concurrent parcels, this redevelopment opportunity is zoned R3-1 with numerous project options. Totaling 15,016 SF, a developer could choose to simply add square footage and an ADU on each lot. The zoning allows for nine (9) units by-right on each lot which opens the door to a nice townhouse style redevelopment. Utilizing MIIP under CHIP, the recently upzoned land can take advantage of T-2 TOIC to add 110% density for up to twenty-one (21) units per lot. A completed project will enjoy the benefits of living in one of the best submarkets for absorption across the LA metro on a major commercial corridor with tons of activity nearby in Virgil Village, Silver Lake, Echo Park,Hollywood, and Koreatown. Residents will appreciate living next to trendy amenities across Virgil Avenue, Beverly Boulevard, and throughout the Eastside. Young professionals will appreciate the close proximity to the freeway, Downtown LA, and Hollywood. Situated in a prime East Hollywood location, this offering presents a rare opportunity to develop up to forty-two (42) units under CHIP on two (2) concurrent parcels in a rapidly developing submarket with strong absorption and rent growth. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
4
Square Ft.
2,866
Lot Size
0.34 Acres
Year Built
1906
MLS Number
25527823
30 Days Snapshot Of 90004
$1,461k
-3%
(avg) sold price
12
0%
homes sold
71
+102%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1906, Building area total: 2,866, Levels: One, Living area: 2866, 1 story, Architectural style: Craftsman, Common walls: NoCommonWalls
Fireplaces
None
Floors
Wood
Heating
WallFurnace
Laundry
None
Lot
0.3447 acres, 15,016 square feet, Size: 15,016
Parking
4 totals parking, Driveway, OneSpace, Uncovered
Pool
None
Property
Zoning: LAR3, CityLights
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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