1357 N Las Palmas Avenue, Los Angeles CA, 90028
(Active)
$1,650,000
|
|
MLS# 24370033
Last Updated: 4/28/2024 1:58 PM
Description for
1357 N Las Palmas Avenue
Los Angeles, CA 90028
We are proud to exclusively present for sale a four unit residential construction project in the heart of Hollywood. Sitting on a vacant corner lot that is NOT subject to RSO (SB8 RUD available), the Ready-to-Issue Plans offer an Investor / Developer the opportunity to break ground immediately. The project consists of three luxury apartments and an ADU, and is designed with a great unit mix consisting of two 3 bedroom, 2.5 bathroom units, one 4 bedroom, 3.5 bathroom unit and the 1 bedroom, 1 bathroom ADU. The units consist of 5,757 SF + 500 SF for the ADU. Three of the units have balconies and additional usable space on the garage level. Located on the corner of De Longpre and Las Palmas, just south of Sunset Blvd. and west of Highland Ave., the property is in a high-demand area that is prime for rental units. Just half a mile to the Metro Subway Station at Hollywood and Highland, the property is called a Walker's Paradise with Good Transit, according to Walk Score. The project features six parking spaces in three private garages. Practically everything and anything a future resident would desire is within a short distance to the propertyshopping, fine, casual and fast dining, night lifeeven De Longpre Park.
Price
$1,650,000
Los Angeles
24370033
Active
Description
We are proud to exclusively present for sale a four unit residential construction project in the heart of Hollywood. Sitting on a vacant corner lot that is NOT subject to RSO (SB8 RUD available), the Ready-to-Issue Plans offer an Investor / Developer the opportunity to break ground immediately. The project consists of three luxury apartments and an ADU, and is designed with a great unit mix consisting of two 3 bedroom, 2.5 bathroom units, one 4 bedroom, 3.5 bathroom unit and the 1 bedroom, 1 bathroom ADU. The units consist of 5,757 SF + 500 SF for the ADU. Three of the units have balconies and additional usable space on the garage level. Located on the corner of De Longpre and Las Palmas, just south of Sunset Blvd. and west of Highland Ave., the property is in a high-demand area that is prime for rental units. Just half a mile to the Metro Subway Station at Hollywood and Highland, the property is called a Walker's Paradise with Good Transit, according to Walk Score. The project features six parking spaces in three private garages. Practically everything and anything a future resident would desire is within a short distance to the propertyshopping, fine, casual and fast dining, night lifeeven De Longpre Park.
Listing Information
| Property Type: Land, Other | ||
| 0.13 Acres | Assessor | |
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
110x50
RD1.5-1XL Tier 3
Driving Directions
One block South of Sunset Blvd. Two blocks East of Highland Ave.
Financial Considerations
| 5547032026 |
RTI Construction Project - 3 Units + ADU
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90028 has a population of 3,956,168.
The median household income in Los Angeles, California 90028 is $55,915. 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 90028 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/22/2024 | Active | $1,650,000 USD 37.50% |
|
| 5/26/2021 | Sold | $1,200,000 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $15,353 USD | 4.85% | $1,248,480 USD | 2.00% |
| 2022 | $14,643 USD | 43.57% | $1,224,000 USD | 46.19% |
| 2021 | $10,199 USD | -1.00% | $837,295 USD | - |
| 2020 | $10,302 USD | 4.09% | $837,295 USD | 1.04% |
| 2019 | $9,897 USD | 1.21% | $828,711 USD | 2.00% |