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132-138 N. Swall Drive

132-138 N. Swall Drive, Los Angeles, CA 90048

Broker: Mazda Hoghoughi

Phone number: (310) 271-4040

  • 04e76d2d2eb24ceab531a4915914a29e
  • a0918a05a6724d429952a39276f7da0e
  • f35cb94ff5674f76b81e331739aee72a
Lot size:
12022
Building size:
8930
Cap rate:
1.80%
Last Updated 3 years ago

Description

DEADLINE FOR ALL OFFERS: Friday April 25, 2014 by 5 pm. Seller entertaining offers between $ 5,500,000. – $ 7,500,000. range. Two existing income units with development potential. Developers’/Investors’ dream looking to develop condominiums. Phenomenal opportunity to develop this rare double lot with apx 12,000 sq.ft in prime & extremely high demand area of B.H./W.Hollywd- adjacent location just off of chic & trendy Beverly Blvd & Robertson. Property zone is LA R3 which per city has a potential property base density of 14-units & in addition the State Density Bonus Law under SB1818 and LAMC section 12.22A25 may allow upto a 35% density bonus permitting a max. density of +/- 19-units. Buyer to verify all with city.Superb high-demand location in chic & trendy area on Swall Drive just off Beverly Blvd. & Robertson within walking distance to all shops, galleries & restaurants.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.