2227 Valley Street, Los Angeles, CA 90057

$2,150,000 Approx. USD 39 beds, 46 baths
27,170 sqft

Agent Remarks

Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. Currently SF home, NO RELOCATION TO PAY! SUPERB VIEWS. Building across street completed 2016 with excellent rent comps. SOIL, PHASE I, SURVEY completed; available with offer.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 16-125454
List price is $2,150,000
Beds: 39
Baths: 46
Built in 1923
27,170 sqft
3 Stories stories
County: Los Angeles
Zoning: LAR3
Parking type: None
Appliances: None
Heating description: None
MLS area: Downtown L.A. (C42)

Last Updated: 7/26/2016

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This listing belongs to the Downtown L.A. (C42) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.065910, -118.273109.
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Broker: Courtesy of Keller Williams Rlty Brentwood
Listing Agent: Tannaz Kamran-Rahbar

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