1723 Corinth Avenue

Los Angeles, CA 90025

$2,295,000

List Price

8

bed Beds

10

shower Baths

5,433 sqft

straighten / sqft

1957

calendar_month Built

Property Description

1723 Corinth Ave is a ten (10) unit multi-family property that has entitled plans for a new nine (9) unit project. Located in a wonderful West LA location, the property is near all the restaurants and shops on Sawtelle Blvd., and in close proximity to Westwood, Santa Monica and Century City. The existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant, and the building still requires the seismic retrofit work for the tuck under parking structure. The seller's have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath units. The new multi-family development does NOT require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.

Listing Information

List Price $2,295,000
Status Active
MLS 24398551
Type Residential Income
Year Built 1957
Lot Size 7,361
Structure Size 5,433
DOM 74
Courtesy Of Miller & Desatnik Realty Co.
Listing Agent Errol Spiro DRE#00893163

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 10
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Errol Spiro, Miller & Desatnik Realty Co. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 8th, 2024 at 12:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.