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1333 S Ridgeley Dr Los Angeles, CA 90019
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Key Details
Sold Price $1,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23-239263
Sold Date 03/21/23
Lot Size 6,616 Sqft
Acres 0.1519
Property Description
Priced at land value. Seller will provide RTI/"shovel ready" well designed plans to build approximately a 4,564 SF Side by Side Modern Duplex (3+2.5+ Loft ea.) in Miracle Mile. Project is SB8 Approved and is designed for individual resale with a Condo map/Parcel Map in mind. Pro-Forma for rents are $8000/mo per unit x2 = $16,000/mo and a resale value of $1,850,000 each x 2 = $3,700,000. - Delivered Vacant! SECOND OPPORTUNITY- Buyer to amend sellers plans to add 2 x 2 story ADU's in the back to build a 4 unit rental property with projections of $23,000/mo in gross rental income- Buyer to verify.
Location
State CA
County Los Angeles
Area Beverly Center-Miracle Mile
Zoning LAR2
Exterior
View Y/N 1
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Others
Special Listing Condition Standard
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Bought with BMR Enterprises