$2,495,000
For Sale

745 N Croft Avenue

Los Angeles, CA 90069
Listing OfficeRemax Commercial and Investment Realty
Browse 28 photos
Type:Purchase
Structure:Land
Zone:Residential

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 arange of attractive redevelopment options in the thriving West Hollywood adjacent market.

  • Property Details
      • CountyLos Angeles
      • Original List Price$2,495,000
      • Property TypePurchase
      • MLS #25493635
      • MLS #25493635
      • Cost2495000
      • Acres0.1493
      • Property SubtypeLand

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group

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6.0%

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2.6%
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