401 S Le Doux Road, Los Angeles, CA 90048
Property
Sold March 2024
Listing Agent: Filip Niculete (DRE #01905352) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Shiva Mehrdad · Power Brokers · MLS #23316171 · Source: CRMLS
About this property
We are excited to present this exceptional development opportunity located at 401 S Le Doux Rd in Los Angeles, CA 90048. The Site consists of 6,861 square feet of land (0.16 acres) zoned R4-1. The Offering is currently run as a 6-unit apartment building and grosses $133,236 annually. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use.A developer has the unique opportunity to build 19 units by-right or 34 units with Tier 3 TOC. With a Walk Score of 95, The Site is located in prime Beverly Grove and is a block from the bustling street of La Cienega's Restaurant Row and the Beverly Center where world renown restaurants and world class shopping and entertainment await. Beverly Grove, located within the 90048 zip code of Los Angeles, is a charming and upscale neighborhood that epitomizes the elegance of Southern California living. This sought-after enclave seamlessly blends urban convenience with a touch of suburban tranquility. Known for its tree-lined streets and picturesque residential areas, Beverly Grove exudes a serene ambiance while being in close proximity to the bustling entertainment and shopping districts of West Hollywood and Beverly Hills. The neighborhood is a haven for fashion enthusiasts, as it boasts high-end boutiques, renowned designer stores, and trendy restaurants along the famous Melrose Avenue. Additionally, the iconic Farmer's Market at The Grove serves as a communal gathering spot where locals and tourists alike come to enjoy diverse culinary offerings and unique shopping experiences. Beverly Grove's blend of style, culture, and accessibility makes it a coveted destination in the heart of Los Angeles.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history