West Hollywood, CA 90046,1138 N Detroit ST

$3,950,000

Est. payment /mo

$4,200,000

6.0%
Est.Price: ?

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1138 N Detroit ST West Hollywood, CA 90046

0.3 Acres Lot

SOLD DATE : 04/03/2020

Key Details

Sold Price $3,950,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR19211222

Sold Date 04/03/20

HOA Y/N Yes

Lot Size 0.302 Acres

Acres 0.3018

Property Description

***10 Entitled Attached Townhome Condominium Units Development Site***

Located west of the intersection of Santa Monica Blvd. and La Brea Avenue, the entitled WeHomes development will afford a builder with the perfect opportunity to build attainable for-sale housing at one of the most supply constricted submarkets in the County of Los Angeles. Perhaps one of the most risk adverse opportunities in the market hedged against both entitlement and market risk due to its irreplaceable location and product type.
The landowner is selling the real estate with all discretionary aspects approved (design review entitlement approval and tentative map approval) with schematic plans included in the price of the land. There is no project of its kind currently available in the City of West Hollywood. The landowners are looking to effectuate a sale to an experienced builder looking to capitalize on two years of entitlement work.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Fireplace No

Exterior

Community Features Street Lights, Urban

View Y/N Yes

View City Lights, Mountain(s), Neighborhood

Building

Lot Description Paved, Rectangular Lot, Tear Down

Water Public

New Construction No

Others

Senior Community No

Tax ID 5531010015

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Francis Evanisko • Evanisko Realty & Investment
Bought with Francis Evanisko • Evanisko Realty & Investment

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

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