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$ 1,425,000
Est. payment /mo
Active
1516 La Baig Avenue Los Angeles, CA 90028
2 Beds
2 Baths
1,620 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,620 sqft
Price per Sqft $879
MLS Listing ID CL25562881
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1919
Lot Size 5,499 Sqft
Acres 0.1262
Property Sub-Type Single Family Residence
Property Description
***$225,000 price reduction - $259 Land PPSF by Sunset & Gower - Development Plans in Docs Section*** 1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits, and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density, incentivizes affordable housing, and encourages transit-oriented growth throughout the Suns
Location
State CA
County Los Angeles
Zoning [Q]
Interior
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 1.0
Pool None
View Y/N false
View None
Total Parking Spaces 2
Private Pool false
Building
Story 1
Architectural Style Bungalow
Level or Stories One Story
New Construction No
Others
Tax ID UNAVAILABLE
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Listed by Max Berger • Compass
