Views
Address
3105 Bellevue Avenue Los Angeles, CA
Price
$ 2,349,000
Property Attributes
  • MLS#21695004
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake
  • Zip90026
  • Style
  • Price$ 2,349,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,498 SqFt
Listing Provided Courtesy Of:
Fred Nabati with Trimax Realty, Inc..
Data Source:
CRMLS
Property Description

A DEVELOPMENT OPPORTUNITY LOCATED IN THE TRENDY NEIGHBORHOOD OF SILVER LAKE. 3105 W. BELLEVUE AVE. IS SOLD WITH PLANS & PERMITS READY TO ISSUE (RTI) FOR A 26-UNIT MULTI-FAMILY APARTMENT WITH A GYM/REC-ROOM, AND A ROOFTOP DECK. THE PROPERTY HAS A C2 ZONING WITH TOC TIER 1. THE UNIT MIX IS COMPRISED OF TWENTY-FIVE (1+1 UNITS) AND ONE UNIT IS A (2-LEVEL TOWNHOUSE STYLE 1-BEDROOM AND A DEN WITH 2-BATHROOMS). FOUR OF THE 26 UNITS ARE DESIGNATED AS LOW-INCOME UNITS. THE PLANS CALL FOR 13 ON-GRADE PARKING SPACES. NO SUBTERRANEAN PARKING NEEDED, WHICH IS A HUGE SAVINGS ON TIME AND MONEY DURING CONSTRUCTION. THE BUILDING IS A 5-STORY APARTMENT BUILDING WITH A ROOFTOP DECK AND GREAT VIEWS FROM MOST OF THE UNITS. AFFORDABLE TYPE-V CONSTRUCTION WILL KEEP THE DEVELOPMENT COSTS DOWN. CURRENTLY IT SITS AS A 3-UNIT PROPERTY, WHICH WILL BE DELIVERED VACANT-ANOTHER TIME AND MONEY SAVER FOR THE BUYER. THE WATER AND POWER UTILITIES WILL BE SUB-METERED AND PAID BY THE TENANTS. THE BUILDING WAS DESIGNED WITH THE HIGHEST RETURN ON INVESTMENT IN MIND FOR THE DEVELOPER/LANDLORD. THERE IS MINIMAL DUCTING REQUIRED. EACH UNIT SHALL HAVE A VENT-LESS CLOTHES WASHER AND DRYERS. AS AN ADDED BONUS ($50K VALUE), THE PROPERTY HAS A CONDO TRACT MAP SUB-DIVISION APPROVED. SELLER IS OPEN TO A JOINT VENTURE AGREEMENT W/ THE BUYER/DEVELOPER.

Price History
5/5/2021 Listed $2,349,000

General Features

Listing Agent Fred Nabati - BRE#01276914
Listing Agent State License 01276914
MLS Area 671 - Silver Lake
Property Type Land
Special Listing Conditions Standard
Status Active
Terms Cash
View City Lights
Zoning LAC2

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7498
Lot Size Square Feet 7498
Lot Size Units Square Feet
View Y/N Yes

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 90026

Price
AVG $1.74M
$2.35M
Visits
AVG 27
6
Walkscore
AVG 85
83
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover