2444 Barry Avenue, Los Angeles, CA 90064

$4,800,000
List Price
$4,800,000
Status
Active
MLS#
18416270
Lot Size
16,200
Days on Market
31
Property Type
Land

Property Description

We are pleased to present 2444, 2450 and 2454 Barry Ave, a high profile Condo / Small Lot Ordinance development opportunity located in West Los Angeles, California. The offering is currently comprised of two side-by-side triplexes and a duplex in West Los Angeles that sits on 16,200 SF land zoned LARD1.5. The Tier 3 TOC and current cash flow allows a developer to take advantage of the available density bonus and rental income while getting plans and permits to "ready to issue" status. This development project represents an opportunity for a developer to tap into a an emerging market where many millennial's are yearning to call home. The region is projected to add 12,000 residents through 2022, resulting in the formation of more than 7,600 households. The property is ideally located a few miles from the world famous beaches of Santa Monica & Venice and a short drive from the prominent cities of Century City, Westwood, Beverly Hills, Santa Monica and Brentwood.

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Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

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