4019 Mclaughlin Avenue, Los Angeles, CA 90066

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Property Description

Great opportunity for a builder to develop, an investor to buy and hold or as an owner-user property. Introducing an exceptional development opportunity. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Located in a prime area of Los Angeles. Zoned R3-1, this property offers a substantial buildable area, making it an ideal site for a multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is perfect for developers looking to maximize their investment in a highly desirable location. Key features include ample buildable space: The property spans 7,753 sq. ft. with a buildable square footage of 23,259 sq. ft., providing a solid foundation for a substantial development. Located in a vibrant and sought-after part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes, shopping, dining, west side beaches and other urban amenities, ensuring strong demand and sustained growth potential. This 6 unit building consisting of five 1 bedroom/1 baths and one 3 bedroom/1 bath. Two of the 1/1 units and the 3/1 bath unit may be delivered vacant at close of escrow. The remaining three 1/1's have tenants, these units will not be delivered vacant. There is copper plumbing vertical, horizontal and main line, Roof is about 15 years old. Great location close to Marina del Rey, Venice and Santa Monica beaches. . Information provided is deemed reliable but not guaranteed. Buyer and buyers agent to verify all information given by performing their investigations to confirm all information including but not limited to lot size, zoning and building restrictions. Showings will be scheduled by appointment with an accepted offer subject to interior inspection. Call listing agent for information regarding the current rent roll.


Interior Features

Bedroom Information
Bedrooms 8
Bathroom Information
Bathrooms 6
Interior Information
Cooling Type None

Listing Information

Address 4019 Mclaughlin Avenue
City Los Angeles
State CA
Zip 90066
County Los Angeles
Listing Agent Shamim Khorsand Mashhadi DRE #02042990
Courtesy Of RE/MAX ESTATE PROPERTIES
List Price $2,000,000
Status Active
Type Residential Income
Structure Size 2,726
Lot Size 7,756
Year Built 1951

Listing information courtesy of: Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 14th, 2024 at 3:37 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.