5500 West Olympic Boulevard, Los Angeles, CA 90036

$1,850,000 Approx. USD 0 beds, 0 baths

Agent Remarks

Approved Tract Map for Five (5) single family homes entitled under the City of Los Angeles' Small Lot Ordinance (SLO). Ideally located along Olympic Boulevard in the Mid-City west area, the project is designed with 2 and 3 bedroom units offering an average of 1,754 square feet of living space. Under the Small Lot Ordinance, the lots will be fee-simple and the project does not require an HOA. All units have 2 car direct access garages and private patios. This project will deliver housing in a strong infill location with virtually no vacant lots remaining, limited new construction, and extremely low resale housing supply. The size and location of the project is ideal for a boutique developer wanting to take advantage of the current market dynamics which continue to push housing prices up across the region.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 316009250
List price is $1,850,000
Beds: 0
Baths: 0
0.18 acres
County: Los Angeles
Zoning: LAR3
Lot description: Raw Land,5 Lots
MLS area: Beverly Center-Miracle Mile (C19)

Last Updated: 1/18/2017

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This listing belongs to the Beverly Center-Miracle Mile (C19) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.057296, -118.349107.
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Broker: Courtesy of Park Place Partners, Inc.
Listing Agent: Richard Byrd

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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