2227 VALLEY Street

Los Angeles , CA 90057

MLS#: 16125454

$2,150,000

Status: Closed
Listing number: 16125454
Listing provided by: Keller Williams Rlty Brentwood
Listing agent phone: None
Last update: 2 years ago
On site: 9 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

N/A

Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. Currently SF home, NO RELOCATION TO PAY! SUPERB VIEWS. Building across street completed 2016 with excellent rent comps. SOIL, PHASE I, SURVEY completed; available with offer.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,150,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

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Listing Courtesy of Tannaz Kamran-Rahbar , Keller Williams Rlty Brentwood

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Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. Currently SF home, NO RELOCATION TO PAY! SUPERB VIEWS. Building across street completed 2016 with excellent rent comps. SOIL, PHASE I, SURVEY completed; available with offer.

2227 VALLEY Street

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