4019 Mclaughlin Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90066
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $733
MLS Listing ID 24-412575
Bedrooms 8
Year Built 1951
Lot Size 7,756 Sqft
Acres 0.1781
Property Description
Great opportunity for a builder to develop, an investor to buy and hold or as an owner-user property. Introducing an exceptional development opportunity. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Located in a prime area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a highly desirable location. Key features include ample buildable space: The property spans 7,753 sq. ft. with a buildable square footage of 23,259 sq. ft., providing a solid foundation for a substantial development. Located in a vibrant and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, west side beaches and other urban amenities, ensuring strong demand and sustained growth potential. This 6 unit building consisting of five 1 bedroom/1 baths and one 3 bedroom/1 bath. Two of the 1/1 units and the 3/1 bath unit may be delivered vacant at close of escrow. The remaining three 1/1's have tenants, these units will not be delivered vacant. There is copper plumbing vertical, horizontal and main line, Roof is about 15 years old. Great location close to Marina del Rey, Venice and Santa Monica beaches. . Information provided is deemed reliable but not guaranteed. Buyer and buyers agent to verify all information given by performing their investigations to confirm all information including but not limited to lot size, zoning and building restrictions. Showings will be scheduled by appointment with an accepted offer subject to interior inspection. Call listing agent for information regarding the current rent roll.
Location
State CA
County Los Angeles
Area Palms - Mar Vista
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Wall
Cooling None
Equipment Refrigerator, Range/Oven
Exterior
Garage Driveway, Tandem
Garage Spaces 2.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard