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Property Description

1723 Corinth Ave is a ten (10) unit multi-family property that has entitled plans for a new nine (9) unit project. Located in a wonderful West LA location, the property is near all the restaurants and shops on Sawtelle Blvd., and in close proximity to Westwood, Santa Monica and Century City. The existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant, and the building still requires the seismic retrofit work for the tuck under parking structure. The seller’s have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath units. The new multi-family development does NOT require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.

Features
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Additional Information
Miller & Desatnik Realty Co.
0
CLW-L09938
CLW-L02710
Errol
4261017008
: Standard
Two
32

Multi-Family For Sale

1723 Corinth Avenue, Los Angeles, California 90025

5,433 Sqft
$2,295,000
Listing ID #24398551
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24398551
Price : $2,295,000
Living Area : 5,433 Sqft
Lot Size : 7,361 Sqft
Year Built : 1957
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90025
Price Per Square Foot : $422
ModificationTimestamp : 2024-06-08 05:07:02
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