3321 West 63rd Street
$1,100,000
9
6
2,780
2,780
$396
Description
Great investment opportunity for builders to develop, investors to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Prime development opportunity in the vibrant and rapidly evolving 90043 zip code of Los Angeles. The parcel, zoned C2-2D-SP, offers significant potential for mixed-use development, benefiting from its designation as a TOC Tier 3 site. This tier allows...Great investment opportunity for builders to develop, investors to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Prime development opportunity in the vibrant and rapidly evolving 90043 zip code of Los Angeles. The parcel, zoned C2-2D-SP, offers significant potential for mixed-use development, benefiting from its designation as a TOC Tier 3 site. This tier allows for substantial density increases and parking reductions, enhancing the project's feasibility and attractiveness. Key Features include a generous buildable area with a lot size of 7,992 sq. ft. and a buildable square footage of 47,952 sq. ft., this property is ideal for creating a substantial mixed-use development. Density and parking benefits may allow a 70% density increase and a 50% reduction in parking requirements, optimizing the project's scope and efficiency. Situated in a bustling area with easy access to major thoroughfares and public transportation, this property is positioned to capitalize on the growing demand for residential and commercial spaces in Los Angeles. The strategic location ensures a steady influx of potential residents and businesses, making it a highly attractive investment for developers. All information given is deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation to verify zoning, planning and building possibilities, including but not limited to lot size, to their satisfaction. Call listing agent for additional information on the current rent roll. This property may be delivered vacant at close of escrow. An additional 3/2 unit is under construction with permits, bringing total number of units to three 3/2's. Property will be shown by appointment with accepted offer subject to interior inspection.
- Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES
Property Details for 3321 West 63rd Street
Zoning
LAC2
Parcel Number4006003035
Total Units3.0
Living Area2780
Source Living AreaVendor Enhanced
AreaPark Hills Heights (PHHT)
Vacancy Rate0
Lot Size Area7992
LISTING UPDATED: 09/10/2024 10:35 PM
Property Details for 3321 West 63rd Street
Status | Active |
---|---|
MLS # | 24-415301 |
Days on Market | 123 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1999 |
Lot Size | 0.18 AC / 7,992 SF |
County | Los Angeles County |
Building Information for 3321 West 63rd Street
Stories-Residences-Year Built1999Building Size-Lot Size0.18 AC / 7,992 SF
Property Information for 3321 West 63rd Street
Property History for 3321 West 63rd Street
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 3321 West 63rd Street
Taxable ValueLand$642,600Additions$306,000Total$948,600
Tax Record2024$11,893 ($991 / month)
Home Facts
Total Finished SqFt2,780 SqFtAbove Grade Finished SqFt2,780 SqFtLot Size7,990 SqFtStyleDuplexYear Built1999ZoningLAC2CountyLOS ANGELESAPN4006-003-035
Schools near 3321 West 63rd Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 6 |
Rating | School | Distance |
---|---|---|
Yes Academy PublicK to 5 | ||
Alliance Leadership Middle Academy Charter6 to 8 | ||
Crete Academy CharterK to 6 |
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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