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$4,500,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25550957
HOA Y/N No
Lot Size 0.284 Acres
Acres 0.28
Property Sub-Type Unimproved Land
Property Description
We are pleased to present a rare and flexible multifamily development opportunity at 1006 & 1010 N Edinburgh Avenue, ideally located in the heart of West Hollywood. The offering consists of two contiguous parcels totaling approximately 12,373 square feet of flat land, with dimensions of approximately 99 feet by 126 feet. Each parcel is currently improved with a tenant-occupied single-family residence. This prime development site offers three distinct and highly compelling paths forward: By Right: Construct 10 townhomes or(small lot subdivision units) Architectural plans for this scenario have already been prepared and are available for review.AB-1287: Pursue a 22-unit multifamily project across three stories, utilizing the benefits of California's new density bonus law.AB-2345 (100% Affordable): Maximize the site's potential with a high-density development of approximately 80 units across six or more stories. This option is ideal for affordable housing developers looking to capitalize on state and local Incentives. Take advantage of an already approved 17-unit project and save significant entitlement time by utilizing the existing approvals. Developers can amend or submit a supplemental plan to build upon the current entitlements and expedite the permitting process. Zoned R3-B an
Location
State CA
County Los Angeles
Zoning R3-B
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5529014044
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Listed by Jordan Petito • Keller Williams Beverly Hills
_Our #1 priority is to find and attract mastery-based agents to partner with, protect our culture, and support our clients needs and desires."
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