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    453 N Stanley Ave

    Los Angeles, CA 90036
    • $2,349,000
    • STATUS: Active Under Contract
    • ON SITE: 162 days
    • ID#: 20-638484
    Under Contract
    UPDATED: 38 min ago
    $2,349,000
    • 12
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,927
      SQFT
    • $263
      $/SQFT
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    MASSIVE PRICE REDUCTION! Unique RTI development opportunity in prime Beverly Grove area, just a short walk to the Grove, Erewhon Market, Farmer's Market and the trendy Beverly Blvd shopping and dining corridor. Just pay the permit fees and break ground the next day. The old duplex had been demolished. This is the last project that was approved before the area became historic, making the contemplated modern style 4-unit 4-story building no longer possible to build. Each unit will be over 2,000 square feet, featuring high ceilings and open floor plan, 3 bedrooms, 4 baths, with balconies and giant private decks overlooking the Hollywood Hills. On-grade parking for 9 cars. This presents a unique opportunity for a developer to build and rent out in an area capable of supporting high-end luxury rentals, or apply for a condo map while in construction and sell as individual condos. Full set of RTI plans is available to view upon request.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T09:42:32.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/110440300
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    453 N Stanley Ave Los Angeles, CA 90036

    • Price: $2,349,000
    • Status: Active Under Contract
    • Updated: 38 min ago
    • ID#: 20-638484
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    8,927
    SQFT
    $263
    $/SQFT
    1927
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    MASSIVE PRICE REDUCTION! Unique RTI development opportunity in prime Beverly Grove area, just a short walk to the Grove, Erewhon Market, Farmer's Market and the trendy Beverly Blvd shopping and dining corridor. Just pay the permit fees and break ground the next day. The old duplex had been demolished. This is the last project that was approved before the area became historic, making the contemplated modern style 4-unit 4-story building no longer possible to build. Each unit will be over 2,000 square feet, featuring high ceilings and open floor plan, 3 bedrooms, 4 baths, with balconies and giant private decks overlooking the Hollywood Hills. On-grade parking for 9 cars. This presents a unique opportunity for a developer to build and rent out in an area capable of supporting high-end luxury rentals, or apply for a condo map while in construction and sell as individual condos. Full set of RTI plans is available to view upon request.
    Exterior Features

    Covered Parking 9 Lot Size Area 6359 Other Structures None Parking Garage Parking For Guests - OnsiteCovered ParkingCommunity Garage Style Modern Total Parking 9 View Description Hills View YN Yes

    Interior Features

    Baths Total 16.00 Cooking Appliances Built-Ins Cooling Air Conditioning Equipment Built-InsDishwasherDryerGarbage DisposalHood FanRefrigeratorRange/Oven Flooring HardwoodCeramic Tile Heating Central

    Property Features

    Assessed Total Value 1096500 Gross Income 408000 Gross Operating Income 408000 Like Units1 4 Net Operating Income 285600.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Developer Source Lot Size Area Vendor Enhanced Total Annual Expense 122400 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Vlad Gold DRE#01340166 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T09:42:32.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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