$ 2,300,000
616 N Juanita Avenue Los Angeles, CA 90004
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$ 2,300,000
Est. payment | /mo
0.34 Acres Lot
$ 2,300,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24434021
HOA Y/N No
Lot Size 0.344 Acres
Acres 0.34
Property 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
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5539023015
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Listed by Neema Ahadian • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "