11938 Dorothy Street, Los Angeles CA, 90049
(Active)
$3,850,000
|
|
MLS# 24355497
Last Updated: 4/28/2024 2:14 PM
Description for
11938 Dorothy Street
Los Angeles, CA 90049
We are pleased to offer for sale a development opportunity in the prestigious Westside community of Brentwood. 11938 Dorothy Street presents a unique opportunity to develop nine (9) expansive, sumptuously appointed apartment units on one of the best streets in the area. Situated on a large 7,872 square foot lot zoned R3, this development site comes with ready-to-issue permits which will enable a developer to immediately start construction uponthe close of escrow. The exclusive project will have 15,203 gross square footage with each unit having an average of nearly 1,600 sqft of livable space. These 2 and 3-bedroom units will provide the spaciousness, privacy, and finishes of the most prestigious custom projects. The current improvements are a VACANT 8-unit apartment building consisting of 1 and 2-bedroom floor plans. Nestled in close proximity to some of the best high-end dining, entertainment venues, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on a premier turnkey development project in one of the best rental locations in all of Los Angeles.
Price
$3,850,000
Los Angeles
24355497
Active
Description
We are pleased to offer for sale a development opportunity in the prestigious Westside community of Brentwood. 11938 Dorothy Street presents a unique opportunity to develop nine (9) expansive, sumptuously appointed apartment units on one of the best streets in the area. Situated on a large 7,872 square foot lot zoned R3, this development site comes with ready-to-issue permits which will enable a developer to immediately start construction uponthe close of escrow. The exclusive project will have 15,203 gross square footage with each unit having an average of nearly 1,600 sqft of livable space. These 2 and 3-bedroom units will provide the spaciousness, privacy, and finishes of the most prestigious custom projects. The current improvements are a VACANT 8-unit apartment building consisting of 1 and 2-bedroom floor plans. Nestled in close proximity to some of the best high-end dining, entertainment venues, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on a premier turnkey development project in one of the best rental locations in all of Los Angeles.
Listing Information
| Property Type: Land, Other | ||
| 0.18 Acres | Assessor | |
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAR3
Driving Directions
Between Bundy Drive and Westgate Avenue, just south of San Vicente Blvd.
Financial Considerations
| 4265021035 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90049 has a population of 3,956,168.
The median household income in Los Angeles, California 90049 is $138,462. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90049 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/6/2024 | Active | $3,850,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $25,770 USD | 4.76% | $2,053,609 USD | 2.00% |
| 2022 | $24,600 USD | 1.30% | $2,013,349 USD | 2.00% |
| 2021 | $24,284 USD | -0.99% | $1,973,878 USD | - |
| 2020 | $24,527 USD | 4.05% | $1,973,878 USD | 1.05% |
| 2019 | $23,572 USD | 0.73% | $1,953,363 USD | 2.00% |