$1,817,500
Closed

517 N HOOVER STREET

Los Angeles, CA 90004
1093 sqft | 2 beds | 0.17 acres | #19442388
Listing OfficeBruce Jay Associates
Browse 2 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

THE MARKET HAS MET THIE PRICE FOR THESE 2 LOT PRIME DEVELOPMENT SITES: R3 TIER 3 TWO LOTS 15k SF! TWO LOTS, THIS IS ONE OF THEM, BOTH R3 DEVELOPMENT SITES!! DO NOT DISTURB OCCUPANTS! The HOOVER DEVELOPMENT SITE is a Remarkable Opportunity for 2 SIDE BY SIDE LOTS, approximately 15,000 Sq.Ft. Total for Both Lots (must be sold concurrently). Zoned LAR3, TOC TIER 3. Both Lots are: 511 N. Hoover (APN 5539-028-014) and 517 N. Hoover (APN 5539-028-013). Currently 2 Craftsman Homes, both Owner Occupied. Nothing under Rent Control! Located in the Los Angeles City Transit Oriented Communities Affordable Housing Incentive Guidelines (TOC Guidelines) in a TIER 3 Area! Our Hypothetical Analysis assumes a Developer might be able to Entitle the Development for possibly 33 to hopefully 40 Residential Units, subject to City approval. Located close to a Wide Variety of Dining & Hot Spots, as well as Private and Public Schools. Priced to Sell NOW at UNDER $300 Per Square Foot!

  • Interior Details
      • Bedrooms2
  • Property Details
      • Acres0.1722
      • Square Feet1093
  • Construction Details
      • Property TypeInvestment
    • Condition
      • Year Built1910
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$2,175,000
      • Buying Agency Compensation2.000
  • Other
      • MLS #19442388
  • -

    Location

    Ann TrussellReal Estate Group