Listed By:
Jacob Kesherim with Keller Williams Beverly Hills;
Address
2311 W 2nd Street, Los Angeles, CA
Price
$ 900,000
Property Attributes
  • MLS#23232101
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,469 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Priced Reduced! Motivated Seller! SB8 Clearance, Phase 1 report, and a land survey are available upon request. First time on the open market in almost 40 years! This development opportunity features 6,467 SF of land with alley access, in sought after Westlake just South of Beverly Blvd. The property will be delivered fully vacant with SB8 excluded and no relocation of tenants necessary. This investment presents a developer the opportunity to purchase land in the coveted Silverlake Adjacent, located steps from Echo Park. The parcel is zoned R3-1 and located in a Transit Oriented Community Tier 1, allowing a developer to build up to ~9 large units at a low price per sf of $139. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to ~14 units. The subject property is centrally located within the heart of Westlake and Filipinotown. This parcel is a hidden gem in a gentrifying area surrounded by new developments. This site is located with close proximity to food destinations, bars, coffee shops, retail stores as well as Downtown LA, Silverlake, and K-Town. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer. Please do not contact the owner as the property is exclusively listed.

Price History
1/13/2023 Listed $1,200,000
2/5/2023 5% - $1,150,000
4/4/2023 3% - $1,125,000
5/5/2023 9% - $1,025,000
5/31/2023 3% - $999,000
11/1/2023 5% - $950,000
12/6/2023 3% - $925,000
1/4/2024 3% - $900,000

General Features

Possession CloseOfEscrow
Zoning LAR3
View CityLights
County Los Angeles
New Construction No
Property Type Land
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions South of Beverly Blvd & East of South Park View St
City Los Angeles
View Y/N Yes
Senior Community Y/N No
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6467.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name 2nd
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 355
Standard Status Active
Occupancy Description Owner
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Lot Features ValueInLand
Total Parking 0.0
Lot Size Area 6467.0
Spa No
Lot Dimensions 45x145
Lot Size Acres 0.1485
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90057

Price
AVG $7.2M
$900K
Visits
AVG 183
212
Data Provided by Inside Real Estate®
Walkscore
AVG 87
87
Data Provided by Walkscore® not using MLS data