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Listing Agent: Matthew Palanca CalDRE: 01317936 - Keller Williams Realty, 888-456-5789
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

512 Laconia,  Los Angeles CA, 90044

(Active)
$1,800,000
|
|
MLS# PW23230495

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Last Updated: 5/1/2024 5:38 AM
Description for 512 Laconia Los Angeles, CA 90044
Zoned as R3, this expansive property offers exciting development potential for approximately 44 apartment units. The parcel is strategically planned for a variety of options, featuring a Tentative Tract Map meticulously designed for 18 attached homes, Small Lot Subdivision, and the potential for up to 23 Single Family Lots. It's important to note that the Tract is currently pending approval, and a comprehensive review letter from the Los Angeles City outlines specific development requirements based on the tentative tract map.Situated in the Southwestern part of Los Angeles, this property boasts proximity to major transportation arteries, including convenient access to the 110 and 105 Freeways. This strategic location enhances the appeal for future residents, offering an ideal commute to and from the area.While the current plan is in alignment with the tentative tract map, there exists flexibility for potential developers to explore alternative options. Whether considering the construction of apartments or pursuing an entirely different development plan, interested parties are encouraged to liaise with the Los Angeles City for guidance and to explore the diverse possibilities that this property holds.Seller financing available for up to 2 years with 50% down on approval by seller. Seller is flexible and willing to JV with a qualified developer.Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.
Price
$1,800,000
Los Angeles
PW23230495
Active
Description
Zoned as R3, this expansive property offers exciting development potential for approximately 44 apartment units. The parcel is strategically planned for a variety of options, featuring a Tentative Tract Map meticulously designed for 18 attached homes, Small Lot Subdivision, and the potential for up to 23 Single Family Lots. It's important to note that the Tract is currently pending approval, and a comprehensive review letter from the Los Angeles City outlines specific development requirements based on the tentative tract map.Situated in the Southwestern part of Los Angeles, this property boasts proximity to major transportation arteries, including convenient access to the 110 and 105 Freeways. This strategic location enhances the appeal for future residents, offering an ideal commute to and from the area.While the current plan is in alignment with the tentative tract map, there exists flexibility for potential developers to explore alternative options. Whether considering the construction of apartments or pursuing an entirely different development plan, interested parties are encouraged to liaise with the Los Angeles City for guidance and to explore the diverse possibilities that this property holds.Seller financing available for up to 2 years with 50% down on approval by seller. Seller is flexible and willing to JV with a qualified developer.Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.
Listing Information
Property Type: Land, Other
0.81 Acres Assessor
Public
Public Sewer
Electricity Available,Natural Gas Available,Phone Available,Water Available
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAR3
Block,Chain Link
Driving Directions
S Figueroa St and Laconia Blvd
Financial Considerations
6132001020
Cash,Submit
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90044 has a population of 3,956,168.

The median household income in Los Angeles, California 90044 is $38,669. 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 90044 is 38 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
4/25/2024 Active $1,800,000  USD  -18.14% MLS info
12/29/2023 Active $2,199,000  USD  MLS info
Listing Agent: Matthew Palanca CalDRE: 01317936 - Keller Williams Realty, 888-456-5789
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/1/2024 5:38 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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