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$ 800,000
Est. payment | /mo
3 Beds
1 Bath
1,615 SqFt
$ 800,000
Est. payment | /mo
3 Beds
1 Bath
1,615 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,615 sqft
Price per Sqft $495
MLS Listing ID CL26841747
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1921
Lot Size 6,779 Sqft
Acres 0.1556
Property Sub-Type Single Family Residence
Property Description
Must be purchased with adjacent property at 5412 Barton Avenue (total combined list price for both properties is $1,795,000). PERFECT DEVELOPMENT OPPORTUNITY OR 2 SINGLE FAMILY HOME REMODEL OPPORTUNITY. 5412 BARTON AVENUE: Exceptional redevelopment opportunity on an LAC4-zoned site in one of Hollywood's rapidly evolving multifamily and mixed-use corridors, surrounded by significant recent residential and creative office investment. Property can be delivered vacant, creating an ideal opportunity for immediate redevelopment and streamlined project planning. Located within a Tier 3 Transit Oriented Communities ("TOC")Incentive Area, allowing developers to potentially capitalize on meaningful density increases, parking reductions, and additional development incentives through affordable housing components. Opportunity to utilize multiple pro-housing development programs and evolving Los Angeles housing initiatives, including TOC incentives, the CHIP Ordinance, ED1 processing pathways, and other density maximizing strategies designed to accelerate multifamily housing production. Valuable urban infill location positioned near Larchmont Village, Hollywood Media District, Netflix, Paramount Studios, and major employment centers driving sustained rental demand. 5416 BARTON AVENUE: Rare redevelopment opportunity on an RD1.5-zoned site located in a rapidly improving Hollywood multifamily corridor near major employment and entertainment hubs. Property can be delivered vacant, allowing developers immediate flexibility for entitlement, planning, and redevelopment execution. Located within a Tier 3 TOC Incentive Area, creating the potential for substantial increases in allowable density, reduced parking requirements, and enhanced development flexibility through affordable housing incentives. RD1.5 zoning combined with Tier 3 TOC incentives may create compelling opportunities for developers to significantly expand project scale beyond traditional zoning limitations. Opportunity to leverage Los Angeles' evolving pro development housing framework, including TOC, CHIP Ordinance incentives, and ED1-related housing initiatives designed to encourage accelerated multifamily developmenT. Located adjacent to 5412 Barton Avenue, creating potential assemblage opportunities for developers seeking larger-scale multifamily redevelopment with improved site planning and enhanced economies of scale.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Flooring Wood
Fireplaces Type Living Room
Fireplace Yes
Laundry See Remarks
Exterior
Pool None
View Y/N false
View None
Total Parking Spaces 2
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Others
Tax ID 5535007020
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty
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Patrick Nagel
REALTOR® | Lic# 1760790