6142 Alcott Street, Los Angeles, CA 90035

About this property

MID CONSTRUCTION DEVELOPMENT OPPORTUNITY! Introducing your next investment opportunity at 6142 Alcott St--a primely located property in the Faircrest Heights neighborhood of Los Angeles. This vacant 6,000 SF lot, already primed for framing, is zoned LARD1.5 and is being sold with permits to build four luxurious 3-story townhomes. The previously existing structure has already been demoed, grading is complete, underground plumbing and methane vent system in foundation are in place, and electrical plans are estimated to be delivered in 2-4 weeks. The future project plans provide 5,933 SF of living space divided among four sleek, modern townhomes. Each townhome will include private attached garages, walk-in-closets and various storage spaces with some featuring walk-in kitchen pantries and powder rooms. Plans call for two 3-bed/3-bath townhomes, one 3-bed/4-bath townhome, and one 4-bed/2.5-bath townhome--a total of 13 bedrooms and 12.5 bathrooms--all crafted with a contemporary touch that complements the vibrant Faircrest Heights aesthetic. Attention, developers--this project is further enhanced by parking reductions made possible through AB 2097, allowing you to optimize livable space. And the potential of this project doesn't end there. With strategic use of affordable housing density incentives, either through the standard program or the Tier 3 Transit Oriented Communities (TOC) eligibility, the prospect to scale this development to 5 or 6 units is a viable possibility. Seize this opportunity to deliver high-quality housing in one of the city's most desirable neighborhoods while maximizing return on investment.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$1,650,000

Sold December 2023 · listed $1,849,000, on market July 2023 · MLS #23292893 · Source: CRMLS

Listing Agent: Yohann Bensimon · Listing Office: Keller Williams Hollywood Hills · Contact: 310-623-1300 · Bought with: Yohann Bensimon · Keller Williams Hollywood Hills

$1,650,000

Sold December 2023 · listed $1,849,000, on market July 2023 · MLS #23292741 · Source: CRMLS

Listing Agent: Yohann Bensimon · Listing Office: Keller Williams Hollywood Hills · Contact: 310-623-1300 · Bought with: Yohann Bensimon · Keller Williams Hollywood Hills

$1,522,000

Sold August 2021 · listed $1,500,000, on market April 2021 · MLS #SR21071393 · Source: CRMLS

Listing Agent: Tom Hernandez · Listing Office: Keller Williams Realty-Studio City · Contact: 818-432-1500 · Bought with: Ardy Ishal · BRC Advisors- BH

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