$2,295,000
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1723 Corinth Avenue Los Angeles, CA 90025
Cluster
Residence
8
Beds
10
Baths
5,433
Sq. Ft.
0.17
Acre
Lot
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1723 Corinth Ave is a ten (10) unit multi-family property that has entitled plans for a new nine (9) unit project. Located in a wonderful West LA location, the property is near all the restaurants and shops on Sawtelle Blvd., and in close proximity to Westwood, Santa Monica and Century City. The ...existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant, and the building still requires the seismic retrofit work for the tuck under parking structure. The seller's have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath units. The new multi-family development does NOT require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.
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MLS#
24398551
Property Type
Cluster
Status
Bedrooms
8
Bathrooms
Year Built
1957
Square Feet
5,433
sq. ft
Lot Size
0.17
Stories
2.0
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