OPEN: Directions

8867 Alcott Street | Los Angeles, CA 90035

Asking: $2,350,000 | Baths: 0.00 | MLS#: 16162294 | Status:  Active
 
Property Description

8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.

 
Property Details
  • $2,350,000
  • Lot/Land
  • 16162294
  • Call
  • Call
  • 0.00
  • 0.17 Acres
  • 128
  • Call
 
Detailed Home Information
  • # of Total Baths: 0.00
  • Subdivision: Beverlywood Vicinity
  • Sq. Ft.: 7293
  • Acres: 0.17

  • Style: Lot/Land
  • View: No View
  • Listing Broker: Berkadia
  • Listing Agent: Brent Sprenkle

 
Maps