$ 2,000,000
4019 Mclaughlin Avenue Los Angeles, CA 90066
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$ 2,000,000
Est. payment | /mo
2,726 SqFt
$ 2,000,000
Est. payment | /mo
2,726 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $733
MLS Listing ID CL24412575
HOA Y/N No
Year Built 1951
Lot Size 7,756 Sqft
Acres 0.18
Property Description
Great opportunity for a builder to develop, an investor to buy and hold or as an owner-user property. Introducing an exceptional development opportunity. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Located in a prime area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a highly desirable location. Key features include ample buildable space: The property spans 7,753 sq. ft. with a buildable square footage of 23,259 sq. ft., providing a solid foundation for a substantial development. Located in a vibrant and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, west side beaches and other urban amenities, ensuring strong demand and sustained growth potential. This 6 unit building consisting of five 1 bedroom/1 baths and one 3 bedroom/1 bath. Two of the 1/1 units and the 3/1 bath unit may be delivered vacant at close of escrow. The remaining th
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4233008014
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Listed by Shamim Khorsand Mashhadi • RE/MAX ESTATE PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "