1723 Corinth Avenue
$2,295,000
8
10
5,433
5,433
$422
Description
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...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.
- Listed by Errol Spiro • DRE #00893163 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
Property Details for 1723 Corinth Avenue
Zoning
LAR3
Parcel Number4261017008
Total Units10.0
Living Area5433
Source Living AreaVendor Enhanced
AreaWest Los Angeles (WLA)
Vacancy Rate3%
Lot Size Area7361
LISTING UPDATED: 06/08/2024 12:01 AM
Property Details for 1723 Corinth Avenue
Status | Active |
---|---|
MLS # | 24-398551 |
Days on Market | 112 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.17 AC / 7,361 SF |
County | Los Angeles County |
Building Information for 1723 Corinth Avenue
Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,361 SF
Property Information for 1723 Corinth Avenue
Property History for 1723 Corinth Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1723 Corinth Avenue
Taxable ValueLand$2,187,291Additions$547,340Total$2,734,631
Tax Record2023$33,248 ($2,771 / month)
Home Facts
Total Finished SqFt5,433 SqFtAbove Grade Finished SqFt5,433 SqFtLot Size7,359 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN4261-017-008
Schools near 1723 Corinth Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 7 |
Rating | School | Distance |
---|---|---|
Nora Sterry Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
Citizens of the World Charter School Mar Vista CharterK to 7 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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