Los Angeles, CA 90037,1234 W 39th Pl
Los Angeles, CA 90037,1234 W 39th Pl
Los Angeles, CA 90037,1234 W 39th Pl
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$1,100,000
Est. payment /mo
16 Beds
16 Baths
8,421 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 8,421 sqft

Price per Sqft $130

MLS Listing ID 25576867

Style Mid-Century

Bedrooms 16

Full Baths 16

HOA Y/N No

Year Built 1913

Lot Size 6,755 Sqft

Acres 0.1551

Property Sub-Type Single Family Residence

Property Description

RTI Development Project with SB8 Exemption letter in hand. Ready to Start Construction!! Perfectly designed RTI development opportunity with Ready-To-Issue (RTI) permits, located in the highly coveted USC/Exposition Park neighborhood. This site includes approved RTI plans for a 6-unit apartment building, in one of Los Angeles' most vibrant and rapidly growing areas. The plans feature three townhome-style buildings, two of each are three stories high, along with an additional two-story building at the rear. The layout offers a great mix of unit types: the front building contains two townhomes, each with 3 bedrooms and 3 bathrooms; the middle building includes two townhomes, each with 4 bedrooms and 4 bathrooms; and the rear building consists of two 1-bedroom, 1-bathroom oversized ADU's, with the potential to add more bedrooms due to available spaces. All units are thoughtfully designed to optimize both space and comfort. The property is ideally located near USC where newly constructed properties are consistently sold at premium prices or fully leased upon completion. The plans have been thoroughly vetted and are ready for immediate issuance, eliminating the typical delays associated with project approvals. With SB-8 in effect, fewer new constructions are underway, making properties like this an even rarer and more sought-after asset. This presents a unique opportunity to invest in a fully planned housing development in one of Los Angeles' most dynamic neighborhoods. Just down the street from Exposition Park, home to numerous stadiums and museums, a half-billion-dollar project is set to be completed before the upcoming Olympics. Whether you're an investor or a developer, this project offers the potential for significant returns in an exceptionally desirable location.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Central

Cooling Central

Flooring Hardwood

Fireplaces Type None

Equipment None

Laundry In Unit

Exterior

Parking Features Carport

Garage Spaces 2.0

Pool None

View Y/N No

View None

Building

Story 1

Architectural Style Mid-Century

Level or Stories One

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Keller Williams Beverly Hills

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Kirshner Elkin Properties

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