$ 3,035,000
947 N Genesee Ave West Hollywood, CA 90046
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$ 3,035,000
Est. payment /mo
Price Dropped by $100K
947 N Genesee Ave West Hollywood, CA 90046
6,500 Sqft Lot
UPDATED:
11/21/2024 12:35 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-394239
Lot Size 6,500 Sqft
Acres 0.149
Property Description
We are pleased to present a rare offering of two contiguous vacant lots located at 947 Genesee Avenue and 944 Ogden Drive in the vibrant city of West Hollywood. Spanning a combined total of 13,000 square feet with WDR3C zoning, these properties present an opportunity for developers and investors to construct a premier residential project and will be delivered RTI for 10 luxury townhome style condominiums. The plans for this site include the construction of (5) 3Bd/3.5Ba and (5) 3Bd/2.5 Ba townhome style units with 13,215 square feet of rentable space, each designed with luxury and modern living in mind. Additionally, the development will feature subterranean parking, providing ample and secure vehicle storage for residents. The exact same development, consisting of a three-story building with 10 luxury townhomes, was successfully completed on the two lots directly to the north, showcasing the proven appeal and success of such a project in this location. Current ownership is committed to facilitating a smooth development process and is offering favorable financing options. Terms will vary based on the buyer's experience, providing flexibility to seasoned developers and emerging investors alike. This prime location in West Hollywood not only offers a robust demand for high-end residential units but also provides residents with unmatched convenience. Nestled among eclectic shops, top-tier dining options, and vibrant entertainment venues, this site ensures a lifestyle filled with luxury and convenience. Proximity to iconic West Hollywood landmarks and the dynamic nightlife scene further enhances the appeal of this exceptional development opportunity.
Location
State CA
County Los Angeles
Area West Hollywood Vicinity
Zoning WDR3C*
Exterior
View Y/N No
View None
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Special Listing Condition Standard
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Listed by Marcus & Millichap