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$ 1,695,000
Est. payment | /mo
5,208 SqFt
$ 1,695,000
Est. payment | /mo
5,208 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,208 sqft
Price per Sqft $325
MLS Listing ID CL26840523
HOA Y/N No
Year Built 2007
Lot Size 0.351 Acres
Acres 0.3515
Property Sub-Type Other
Property Description
We are pleased to offer for sale 517 West 117th Street, a six-unit apartment community located in South Los Angeles, alongside the 105 Freeway.Built in 2007, the property is comprised of six two-bedroom / one-and-a-half-bath townhome-style units, each featuring in-unit washer/dryer hookups (one unit includes a washer/dryer) and assigned, gated parking. Situated on a generous 15,311-square-foot lot, the property is improved with a 5,208-square-foot building, leaving substantial excess land that may offer additional development potential. One option may be to add six ADUs, offering an opportunity to expand density, income, and long-term value.Beyond the existing improvements, the property's C2-2D-CPIO zoning and Tier 4 TOC designation present significant redevelopment potential. Based on the 15,311 SF lot, the property may support over 70 units by right without the use of ED1 offering a compelling long-term development opportunity.517 West 117th Street offers investors the opportunity to acquire a newer construction multifamily asset with the potential to increase density in a well-located infill pocket of South Los Angeles. The property provides immediate access to the 105 Freeway and is conveniently situated near a wide range of retail amenities and daily services.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Location
State CA
County Los Angeles
Zoning C2-2D-CPIO
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6088013024
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Listed by Sean Rosenzweig • Marcus & Millichap
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Patrick Nagel
REALTOR® | Lic# 1760790