Additional details
Listed by Steve Aranda • Altadena Real Estate Company
$499,000
Est. payment /mo
2,510 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PF-25075355
Lot Size 2,510 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Development Opportunity. This newly created lot will be delivered fully entitled to build a 1600 sqft duplex in one of the most desirable areas in all of Los Angeles. Sandwiched between Marina Del Ray, Venice, Culver City and Playa Vista, this property is ideally located to create a cash flow investment, create equity for resale, or offset costs while occupying one unit and renting the other.
Unlike typical development transactions, this one offers the ability to work on plans for submission prior to close of escrow. This flexibility significantly reduces carrying costs and enhances overall profitability. Just steps from trendy cafes, vibrant nightlife, shopping, and more, this area has seen consistent appreciation and continues to command strong rental rates, making it an ideal location for both short- and long-term investment strategies.
Don't miss out on this exceptional opportunity to capitalize on one of LA's most desirable areas!
Unlike typical development transactions, this one offers the ability to work on plans for submission prior to close of escrow. This flexibility significantly reduces carrying costs and enhances overall profitability. Just steps from trendy cafes, vibrant nightlife, shopping, and more, this area has seen consistent appreciation and continues to command strong rental rates, making it an ideal location for both short- and long-term investment strategies.
Don't miss out on this exceptional opportunity to capitalize on one of LA's most desirable areas!
Location
State CA
County Los Angeles
Area C12 - Marina Del Rey
Zoning LAR1
Exterior
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
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