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    2227 Valley St

    Los Angeles, CA 90057
    • $2,070,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 21-679288
    Foreclosure
    UPDATED: 95 min ago
    $2,070,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Motivated Seller! Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. The lot is completely empty. Building across street completed 2016 with excellent rent comps.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-17T23:42:20.22. 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.brandiprattrealestate.com/homes/113211037
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    2227 Valley St Los Angeles, CA 90057

    • Price: $2,070,000
    • Status: Active
    • Updated: 95 min ago
    • ID#: 21-679288
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Motivated Seller! Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. The lot is completely empty. Building across street completed 2016 with excellent rent comps.
    Exterior Features

    Lot Location None Lot Size Area 15731 View Description None View YN No Water Frontage None

    Property Features

    Cable YN No Sale Type Real Estate Owned Source Lot Size Area Appraiser Zoning Lar3

    Listing provided courtesy of Fred Doctorovich DRE#02021343 of Afd Realty, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-17T23:42:20.22. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583