Sold

6142 Alcott St

Los Angeles CA, 90035

$1,650,000


$275.00 per sqft

Sold

0.14 Acres

Land

MID CONSTRUCTION DEVELOPMENT OPPORTUNITY! Introducing your next investment opportunity at 6142 Alcott St--a primely located property in the Faircrest Heights neighborhood of Los Angeles. This vacant 6,000 SF lot, already primed for framing, is zoned LARD1.5 and is being sold with permits to build four luxurious 3-story townhomes. The previously existing structure has already been demoed, grading is complete, underground plumbing and methane vent system in foundation are in place, and electrical plans are estimated to be delivered in 2-4 weeks. The future project plans provide 5,933 SF of living space divided among four sleek, modern townhomes. Each townhome will include private attached garages, walk-in-closets and various storage spaces with some featuring walk-in kitchen pantries and powder rooms. Plans call for two 3-bed/3-bath townhomes, one 3-bed/4-bath townhome, and one 4-bed/2.5-bath townhome--a total of 13 bedrooms and 12.5 bathrooms--all crafted with a contemporary touch that complements the vibrant Faircrest Heights aesthetic. Attention, developers--this project is further enhanced by parking reductions made possible through AB 2097, allowing you to optimize livable space. And the potential of this project doesn't end there. With strategic use of affordable housing density incentives, either through the standard program or the Tier 3 Transit Oriented Communities (TOC) eligibility, the prospect to scale this development to 5 or 6 units is a viable possibility. Seize this opportunity to deliver high-quality housing in one of the city's most desirable neighborhoods while maximizing return on investment.

23-292741

MLS ID

July 21, 2023

Listed

November 22, 2024

Updated

Map

6142 Alcott St
Los Angeles CA, 90035

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Area Name

Beverlywood Vicinity


Days on Market

35


Garage

No


View

No


View Description

None


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listing History

Date

Event

Price

12/8/2023

Price change

$1,650,000

-11%

12/8/2023

Sold

$1,650,000

9/9/2023

Under contract

Listed by Yohann Bensimon with Keller Williams Hollywood Hills
Listing Contact: 310-923-1550 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Davis Saadian | CA DRE #01921748 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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Data last updated 11/22/2024

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