757 Cole Avenue, Los Angeles CA, 90038
(Active)
$2,500,000
|
|
MLS# 23339951
Last Updated: 4/30/2024 7:20 PM
Description for
757 Cole Avenue
Los Angeles, CA 90038
Attention Developers and Investors, here is an exceptional opportunity for a premier multi-family development in Hollywood. This vacant corner lot, totaling 6,459 SQFT and zoned R3, is located in a prime neighborhood north of Melrose Ave and one block east of Hudson Ave, near Hancock Park & Larchmont Village. A shovel-ready project can be easily developed into a 7,822 sqft three-story seven-units apartment complex with one level of subterranean parking. The plans include seven two-bedroom apartments, each ranging from 1,039-1,350 SF. All permit fees have been paid, and construction can commence immediately. The advantage of this site is its corner location (easy to build) and its proximity to newly developed apartment complexes (curb appeal). Additionally, it is conveniently centrally located with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. As well, it near Paramount Studios, Los Angeles Tennis Club, Netflix, Larchmont Village, restaurants, shops & walking distance to the Theatre Row.
Price
$2,500,000
Los Angeles
23339951
Active
Description
Attention Developers and Investors, here is an exceptional opportunity for a premier multi-family development in Hollywood. This vacant corner lot, totaling 6,459 SQFT and zoned R3, is located in a prime neighborhood north of Melrose Ave and one block east of Hudson Ave, near Hancock Park & Larchmont Village. A shovel-ready project can be easily developed into a 7,822 sqft three-story seven-units apartment complex with one level of subterranean parking. The plans include seven two-bedroom apartments, each ranging from 1,039-1,350 SF. All permit fees have been paid, and construction can commence immediately. The advantage of this site is its corner location (easy to build) and its proximity to newly developed apartment complexes (curb appeal). Additionally, it is conveniently centrally located with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. As well, it near Paramount Studios, Los Angeles Tennis Club, Netflix, Larchmont Village, restaurants, shops & walking distance to the Theatre Row.
Listing Information
| Property Type: Land, Other | ||
| 0.16 Acres | ||
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Mountain
55x126
LAR3
Driving Directions
North of Melrose Ave and one block east of Hudson Ave.
Financial Considerations
| 5533034001 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90038 has a population of 3,956,168.
The median household income in Los Angeles, California 90038 is $60,084. 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 90038 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 |
|---|---|---|---|
| 12/15/2023 | Active | $2,500,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $8,522 USD | 4.87% | $682,695 USD | 2.00% |
| 2022 | $8,126 USD | 1.21% | $669,309 USD | 2.00% |
| 2021 | $8,029 USD | -2.09% | $656,186 USD | - |
| 2020 | $8,200 USD | -15.88% | $656,186 USD | -19.17% |
| 2019 | $9,748 USD | 1.37% | $811,822 USD | 2.00% |