$1,817,500
$2,175,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
517 N HOOVER ST Los Angeles, CA 90004
2 Beds
1 Bath
1,093 SqFt
Key Details
Sold Price $1,817,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,093 sqft
Price per Sqft $1,662
MLS Listing ID 19442388
Sold Date 12/14/23
Bedrooms 2
HOA Y/N No
Year Built 1910
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
THE MARKET HAS MET THIE PRICE FOR THESE 2 LOT PRIME DEVELOPMENT SITES: R3 TIER 3 TWO LOTS 15k SF! TWO LOTS, THIS IS ONE OF THEM, BOTH R3 DEVELOPMENT SITES!! DO NOT DISTURB OCCUPANTS! The HOOVER DEVELOPMENT SITE is a Remarkable Opportunity for 2 SIDE BY SIDE LOTS, approximately 15,000 Sq.Ft. Total for Both Lots (must be sold concurrently). Zoned LAR3, TOC TIER 3. Both Lots are: 511 N. Hoover (APN 5539-028-014) and 517 N. Hoover (APN 5539-028-013). Currently 2 Craftsman Homes, both Owner Occupied. Nothing under Rent Control! Located in the Los Angeles City Transit Oriented Communities Affordable Housing Incentive Guidelines (TOC Guidelines) in a TIER 3 Area! Our Hypothetical Analysis assumes a Developer might be able to Entitle the Development for possibly 33 to hopefully 40 Residential Units, subject to City approval. Located close to a Wide Variety of Dining & Hot Spots, as well as Private and Public Schools. Priced to Sell NOW at UNDER $300 Per Square Foot!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Garage, Tandem
Parking Type Garage, Tandem
Total Parking Spaces 1
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5539028013
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Bruce Jay • Bruce Jay Associates