Property Detail
Description
Great investment opportunity for a builder to develop, an investor to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). This premier development opportunity is zoned R3-1, and located within a TOC Tier 3 designation, offers substantial incentives for increased density and reduced parking requirements. With a sizable lot and significant allowable floor area, this parcel is ideal for developers aiming to create a high-density, multifamily residential project in a thriving area of Los Angeles. Key Features include a generous Buildable Area which covers 11,343 sq. ft. with a buildable square footage of 34,029 sq. ft., providing ample space for a substantial development. With optimized density and parking efficiency you may Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation regarding zoning, planning, lot size and build-ability of the site, to their satisfaction. Call listing agent for additional information on rent roll.
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Listing provided courtesy of Shamim Khorsand Mashhadi of RE/MAX ESTATE PROPERTIES. Last updated 2024-11-28 09:11:51.000000. Listing information © 2024 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
Interested in Pacific Beach property, specifically? Check out PacificBeach.RealEstate
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2020 SDMLS ~ By contacting John Collins / Collins Coastal, you agree to receive customer service texts from this business. We will not send you messages without your consent and we will not sell your data. Providing your contact information is confirmation you agree to receive text messages and/or calls from John Collins / Collins Coastal, your phone provider may have fees for this service. Message frequency varies. You may reply STOP at any time to cancel or call us at 858.252.0200.
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