8867 Alcott St., Los Angeles, CA 90035

FOR SALE
  • $2,350,000
  • 84 Days on site
  • Est: $8,707/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Raw Land
X

Description

8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292. 3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed. Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.

  • MLS ID# 16-162294
  • Year Built: n/a
  • 84 Days on site
  • Raw Land
  • Beds: n/a
  • Baths: n/a

Listing Details

Assessed Taxable Amount
$96,263
Tax Amount
$1,462
Last Transaction Date
06/01/1973
Last Transaction Purchase Price
$47,000
Property Type
Triplex
Bedrooms
6
Bathrooms
3
Home Size (Sqft)
2,377
Lot Size (Sqft)
7,293
Lot Size (Acres)
0.17
Year Built
1948
Units
3
Cooling System
Yes

Public Facts: As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If you see any errors, the best way to get the records updated is to contact your local county records office. If any of the information in this section conflicts with property information provided by a listing agent or broker, agent-provided information should be deemed more reliable.

Local Info

Population
28,706
Median Household Income
$63,236
Median Years In Residence
8
Median Homeowner Age
38
Households with Children
39.37%
Percent of Homes Rented
67.15%

Nearby Elementary Schools

9051 W Pico Blvd
419 S Robertson Blvd
9233 Airdrome St

Nearby Middle Schools

9051 W Pico Blvd
1518 S Robertson Blvd
9120 W Olympic Blvd

Nearby High Schools

9017 W Pico Blvd
1030 S Robertson Blvd
1619 S Robertson Blvd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Berkadia
(310) 470-3942
Listing Agent: Brent Sprenkle

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