1047 S Corning Street, Los Angeles, CA 90035
1047 S Corning Street, Los Angeles, CA 90035
1047 S Corning Street, Los Angeles, CA 90035
1047 S Corning Street, Los Angeles, CA 90035
1047 S Corning Street, Los Angeles, CA 90035
1047 S Corning Street, Los Angeles, CA 90035
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$ 2,495,000
Est. payment | /mo

4,862 Sqft Lot


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$ 2,495,000
Est. payment | /mo
Save

4,862 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL26906761

HOA Y/N No

Lot Size 4,862 Sqft

Acres 0.1116

Property Sub-Type Unimproved Land

Property Description

RTI: A vacant, R3 infill development site in Pico-Robertson / Faircrest Heights, minutes from Beverly Hills. On this street, value is the land and density. Offered as-is. The project architect has advanced pre-application plans for a 6-story, 15-16 unit building (12 market-rate + 3 very-low-income) over a subterranean garage, moving the site from 6 units by-right to 1516 via Transit Oriented incentives, a 22-ft height bonus to 67 ft, and zero required parking (AB 2097). That density is the value engine, and the basis for pricing per buildable unit rather than as an occupied home.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 4332025028

Bridge MLS
Listed by Sally Forster Jones • Compass

NEARBY SCHOOLS & PROPERTIES

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Roland & Lydia Osage
Roland & Lydia Osage

Agent License ID: 02055089

+1(925) 206-9799

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1047 S Corning Street