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$2,495,000
Est. payment /mo
4 Beds
2 Baths
2,852 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,852 sqft
Price per Sqft $874
MLS Listing ID 25493613
Bedrooms 4
HOA Y/N No
Year Built 1926
Lot Size 6,503 Sqft
Property Description
We are pleased to present a prestigious development opportunity located in a premier area of the Westside. 745 N Croft Avenue is a VACANT duplex which boasts close proximity to Melrose Place, known for its high-end retail and incredible dining establishments. Favorably zoned (Q)R3-1, the site allows for a range of uses utilizing California's recently adopted new housing laws intended to ease multifamily development including reduced parking requirements and allowance of accessory dwelling units (ADUs) on certain sites. Eligible for Tier 2TOIA (Transit Oriented Incentive Area) with the potential to construct up to 18 units utilizing the CHIP (Citywide Housing Incentive Program), this exceptional and rare opportunity offers a buyer a range of attractive redevelopment options in the thriving West Hollywood adjacent market.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 2
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5528001024
Special Listing Condition Standard
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty
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