8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7, 292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1, 600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.
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8867 Alcott Street, Los Angeles, CA 90035 is a property for sale.
This Los Angeles, CA Land
has a lot size of 7,405 Sq. Ft. and
has been on ZipRealty.com for 165 days.
8867 Alcott Street
is currently listed for $2,350,000.
The 8867 Alcott Street Los Angeles, CA 90035 listing is provided courtesy of BERKADIA.
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Data last updated: Saturday, February 25, 2017 at 6:21 PM. Properties in listings may have been sold or may no longer be available.