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
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Data last updated 11/22/2024