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    3105 Bellevue Avenue

    Los Angeles (City), CA 90026
    • $2,349,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: 21695004
    New On Site 4 Days Ago
    UPDATED: 48 min ago
    $2,349,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T21:31:41.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/116773710
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    3105 Bellevue Avenue Los Angeles (City), CA 90026

    • Price: $2,349,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 21695004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    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.
    Exterior Features

    View City Lights View YN Yes

    Property Features

    Buyer Financing Cash Disclosures Familial RelationPrincipal is Real Estate LicensedRent Control Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Fred Nabati of Trimax Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T21:31:41.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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