616 North Juanita Avenue
$2,200,000
15,003 / 0.34
Sold 11/12/24
Description
This is a prime multifamily development opportunity at 612-616 N Juanita Ave in East Hollywood, Los Angeles. This double lot spans 15,003 square feet, zoned R3-1 in a Tier 3 TOC area, and is strategically locatedPriced at $153 per square foot, the property allows for the development of 19 units by right or up to 38 units utilizing the TOC density bonus. Preliminary plans include a 38-unit project featuring a mix of one- and two-bedroom units with subterranean parking. Developers can also explore...This is a prime multifamily development opportunity at 612-616 N Juanita Ave in East Hollywood, Los Angeles. This double lot spans 15,003 square feet, zoned R3-1 in a Tier 3 TOC area, and is strategically locatedPriced at $153 per square foot, the property allows for the development of 19 units by right or up to 38 units utilizing the TOC density bonus. Preliminary plans include a 38-unit project featuring a mix of one- and two-bedroom units with subterranean parking. Developers can also explore eliminating612-616 N Juanita Avenear N Vermont Ave and Melrose Ave with easy access to the 101 Freeway. The site is centrally positioned close to Koreatown, Westlake, Silver Lake, and Downtown LA, with a high Walk Score of 90, ensuring proximity to public transportation and local amenities.parking requirements via AB 2097 or pursue unlimited density with a 100% affordable housing project under AB 2345. The property will be delivered vacant with structures already demolished, ready for immediate development. This opportunity provides a valuable chance to build in a sought-after LA neighborhood with various incentives to maximize project potential. Parcels: 5539-023-015 & 5539-023-014
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 616 North Juanita Avenue
Zoning
LAR3
Parcel Number5539023015
AreaSilver Lake (671)
Lot Size Area15003
Source Lot Size AreaOther
Assessor Parcel Number5539-023-015
DirectionsLocated just east of N Vermont Ave and south of Melrose Ave with easy access to the 101 Freeway.
LISTING UPDATED: 11/26/2024 02:53 PM
Property Details for 616 North Juanita Avenue
Status | Sold |
---|---|
MLS # | 24-434021 |
Days on Market | 88 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.34 AC |
County | Los Angeles County |
Building Information for 616 North Juanita Avenue
Lot Size0.34 AC
Property Information for 616 North Juanita Avenue
Property History for 616 North Juanita 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 616 North Juanita Avenue
Taxable ValueLand$800,000Additions$200,000Total$1,000,000
Tax Record2024$12,231 ($1,019 / month)
Home Facts
Beds2Total Finished SqFt741 SqFtAbove Grade Finished SqFt741 SqFtStories1Lot Size7,502 SqFtStyleSingle Family ResidenceYear Built1910ZoningLAR3CountyLOS ANGELESAPN5539-023-015
Schools near 616 North Juanita Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Dayton Heights Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
California Creative Learning Academy CharterK to 5 |
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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