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315 Firmin ST Los Angeles, CA 90026
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Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,048 sqft
Price per Sqft $302
MLS Listing ID P1-18665
Sold Date 10/11/24
HOA Y/N No
Year Built 1911
Property Description
Emerging Area - Occupied 4-Plex For SaleExisting occupied 4-Plex is a great way to enter or add to your portfolio within this emerging market.The property is located in the Westlake neighborhood in Los Angeles just West of Downtown Los Angeles. Over the last five years the area has seen a great renewal with hundreds of new units built within a few blocks of the subject site. Existing residentially dense zoning and/or ADU legislation could allow for additional units to be built on property.Zoning: R4(CW)-45/3-0 (Density 400 SF of Land/Dwelling Unit, 45' Height Limit, 3.0 FAR) Key Highlights:Central Location - A short uber ride to Crypto.com Arena, Dodger Stadium, the Music Center, The Broad Museum, Echo Park, Chinatown, Little TokyoEmerging Area - Within a few blocks of the site there are close to 500 new units across 7 new apartment communities and even more beyond that immediate area.Multi-family Zoning - Existing zoning allows high density multi-family communities.TOC Tier 2 - City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program. Tier to be verified with current transportation services.QCT - Site is within QCT designated areas that are sought after by affordable housing tax credit developers (Qualified Tracts Area per 2024 HUD map).Don't miss out on this exceptional opportunity in this emerging market!
Location
State CA
County Other
Area C21 - Silver Lake - Echo Park
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Sprinklers None
Water Public
Others
Tax ID 5160021028
Financing Assumed
Special Listing Condition Standard
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Bought with Lynn Paris • Pinnacle Real Estate Group