616 N Juanita Avenue, Los Angeles, CA 90004

  • $2,300,000
  • $153
616 N Juanita Avenue, Los Angeles, CA 90004
  • Land
  • Property Type
For Sale
616 N Juanita Avenue, Los Angeles, CA 90004
  • $2,300,000
  • $153

Overview

Property ID: SGR-33863101
  • Land
  • Property Type

Description

This is a prime multifamily development opportunity at 612-616 N Juanita Ave in East Hollywood, Los Angeles. This double lot spans 15,003 square feet, zoned R3-1 in a Tier 3 TOC area, and is strategically locatedPriced at $153 per square foot, the property allows for the development of 19 units by right or up to 38 units utilizing the TOC density bonus. Preliminary plans include a 38-unit project featuring a mix of one- and two-bedroom units with subterranean parking. Developers can also explore eliminating612-616 N Juanita Avenear N Vermont Ave and Melrose Ave with easy access to the 101 Freeway. The site is centrally positioned close to Koreatown, Westlake, Silver Lake, and Downtown LA, with a high Walk Score of 90, ensuring proximity to public transportation and local amenities.parking requirements via AB 2097 or pursue unlimited density with a 100% affordable housing project under AB 2345. The property will be delivered vacant with structures already demolished, ready for immediate development. This opportunity provides a valuable chance to build in a sought-after LA neighborhood with various incentives to maximize project potential. Parcels: 5539-023-015 & 5539-023-014

  • Address 616 N Juanita Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90004
  • Area C21 - Silver Lake - Echo Park
  • Country United States

Details

Updated on September 13, 2024 at 7:15 am
  • Property ID: SGR-33863101
  • Price: $2,300,000
  • Land Area: 15003.00 m²
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: 24434021
  • Office Name: MARCUS & MILLICHAP
  • Agent Name: Neema Ahadian
  • MLS Status: Active
  • Agent State License: 01346750

Additional details

  • View: None
  • County: Los Angeles
  • Parking: 0.00

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

What's Nearby?

Please supply your API key Click Here

Contact Information

View Listings
Sankofa Global Realty
  • Sankofa Global Realty

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Sankofa Global Realty
  • Sankofa Global Realty