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- LoopNet Team
1346 Fairfax Avenue
Los Angeles, CA 90046
REDUCED - Planning Approval 26 Affrdbl Units · Land For Sale
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0.15 AC
INVESTMENT HIGHLIGHTS
- Planning Approval for 26 Affordable Units
- No power lines in front
- Among some of the highest rental comparables in town. Just south of Sunset Blvd. and steps outside of West Hollywood.
- SB8 Replacement Unit Determination Letter stating that zero units are subject to replacement
- Walker’s Paradise with Good Transit. Central to practically everything!
- Similar lot three doors down also available
PROPERTY FACTS
DESCRIPTION
REDUCED! Partners CRE is proud to present for sale a development opportunity for 26 Units in Prime Los Angeles, across the street from West Hollywood. Benefit from West Hollywood without the WeHo Building and Safety hassles. You have found the best location around, with Planning Approval for a 26 Unit Affordable Project! And this Zip Code qualifies for Tier 2 of SAFMR, so get ready for Section 8 demand coming your way! Steps to Sunset Blvd. and walking distance to pretty much everything any resident would want, Walk Score is right in calling this area a Walker’s Paradise! Walk to supermarkets, restaurants in all price ranges, happening nightlife and so much more! Near the Bristol Farms (literally on the same block to the north, at Sunset Blvd.), Whole Foods, Rite Aid, DGA… This 6,550 SF Lot is a former SFR and has an SB8 Replacement Unit Determination Letter stating that zero units are subject to replacement. Build 4 stories of mostly 1s and some 2s, Slab on Grade, Type 5 Construction and be up and running in no time! The property has no power lines in front, with a gently sloping street to the south, providing the possibility for great rooftop views! No replacement units, RSO or Ellis to worry about! The Seller has a Preliminary Project that has not been submitted to LADBS and will not be delivered RTI. 1332 N. Fairfax Ave. three doors away is also available, with the same attributes and possibilities.
