Credits
From Miguel Covarrubias
Shah Noorvash, an affiliate agent with the Beverly Hills South office of Coldwell Banker Commercial, has listed the two Los Angeles property lots for $5,350,000. Located on a total lot size of approximately 12,632 square feet in the Pico Robertson area of Los Angeles, the two adjoining lots have a six-unit apartment building and a duplex, which are vacant, and have separate APN numbers and addresses.
“In the Pico-Robertson area, a high-density rental market adjacent to Beverly Hills, Century City, Beverlywood, Miracle Mile, Carthay Square, Mid-City and West Hollywood, this is a development project ready to start construction,” said Noorvash. “In addition to being in a stable and affluent area of Los Angeles, the property is a short distance from dining, entertainment and venues for religious worship. The surrounding areas are major employment centers for the demographic that resides in Pico-Robertson, making it a very commutable area for its residents.”
The property comes with fully approved plans for a 15-unit apartment building with all single-story units with three bedrooms, two-and-a-half bathrooms and patios. Floor plans all consist of larger sized units. The first floor would feature a recreation room as well as a manager office. Plans also include soil and survey reports, architectural, structural, electrical, ventilation, plumbing, HVAC and shoring. The demo permit and building permit are already paid by the seller. Gross building area is approximately 24,547 square feet. The project would be four stories over a one-level subterranean garage, which would include 32 parking spaces.
To view the home, contact Shah Noorvash at 310-709-7424 and shah.noorvash@cbcnrt.com.
About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage, the No. 1 residential real estate brokerage in Southern California, operates approximately 75 offices with approximately 4,480 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. For more information, please visit ColdwellBankerHomes.com. CalRE# 00616212