1047 S Corning St, Los Angeles, CA 90035
1047 S Corning St, Los Angeles, CA 90035
1047 S Corning St, Los Angeles, CA 90035
1047 S Corning St, Los Angeles, CA 90035
1047 S Corning St, Los Angeles, CA 90035
1047 S Corning St, Los Angeles, CA 90035
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$ 2,495,000
Est. payment | /mo

4,862 Sqft Lot


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$ 2,495,000
Est. payment | /mo
Save

4,862 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26906761

Lot Size 4,862 Sqft

Acres 0.1116

Property Description

RTI: A vacant, R3 infill development site in Pico-Robertson / Faircrest Heights, minutes from Beverly Hills. On this street, value is the land and density. Offered as-is. The project architect has advanced pre-application plans for a 6-story, 15-16 unit building (12 market-rate + 3 very-low-income) over a subterranean garage, moving the site from 6 units by-right to 1516 via Transit Oriented incentives, a 22-ft height bonus to 67 ft, and zero required parking (AB 2097). That density is the value engine, and the basis for pricing per buildable unit rather than as an occupied home.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Exterior

View Y/N No

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Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Compass

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1047 S Corning St