6313 S Victoria Avenue Los Angeles, CA 90043
Great investment opportunity for builders, investors and owner-users. Buy and hold or develop. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers looking to create a high-density, multifamily residential project in a promising area of Los Angeles.Key Features include ample Buildable Space: The property spans 11, 384 sq. ft. with a buildable square footage of 34, 152 sq. ft., offering substantial room for development. Optimized Density and Parking Efficiency: Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Its proximity to major transportation routes and urban amenities ensures strong demand and long-term growth potential, making it a highly attractive investment opportunity. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to investigate all building and zoning requirements including but not limited to lot size, to their satisfaction. Call listing agent for additional details on current rent roll.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID Number24415251
- Home Size Source N/A
- Year Built1924
- Lot Size0.2613 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking CoveredDriveway
- Parking Spaces 6
- Number of Stories 10
- Acreage 0.2613
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
- Appliances Refrigerator
Exterior Features
- Other Structures Shed(s)
Community Features
- Senior Community No
- MLS Area PHHT - Park Hills Heights