226 Catalina Street
Los Angeles, CA 90004
0.18 acres | #SR25179028
Description
The Overlook LA Development site is a 7,780 SF transit-oriented single lot development opportunity. The site is 950 feet from the entrance to the Vermont/Beverly Redline Station and is currently entitled for 17 apartment units utilizing TOC.
While perhaps contrarian to lead with the TOC entitlement based on the market’s feverish rush to produce affordable housing leveraging compelling policy changes (of which this property is certainly also the beneficiary of), we believe the entitled 17-unit TOC project provides the most holistic basis for understanding the real estate’s potential, the available critical work product, and the capacities of the surrounding supportive infrastructure. Not to mention, it is a rare opportunity to break ground now - allowing a builder to take advantage of five years of entitlement work.
The project is at the perfect stage to pass the baton…speaking of which, this project can be completed prior to the Olympics…made possible by almost five years of entitlement work leading to this point which required a traverse of the SNAP Specific Plan, LADBS, and the Housing Department.
Property Details
- Lot DescriptionZeroToOneUnitAcre, SixteenToTwentyUnitsAcre, ElevenToFifteenUnitsAcre, TwoToFiveUnitsAcre, TwentyOneToTwentyFiveUnitsAcre, TwentySixT
- ViewCityLights, Hills, Mountains, Neighborhood, Panoramic
- CountyLos Angeles
- Original List Price$1,750,000
- MLS #SR25179028
- MLS #SR25179028
- Property TypePurchase
- Cost1750000
- Acres0.1786
- Utility SourcePublic
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Francis Evanisko (#F207017330)
Listing Office: Evanisko Realty & Investment (#F4995001)
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