map Map favorite Favorite share Share image 8 Photos print Print
Photo
Photo Photo

11311 Pearl Street

Los Angeles, CA 90064

PRICE REDUCED

arrow_downward
-$401,000 (-16.71%)

$1,999,000

List Price

4

bed Beds

2

shower Baths

1,773 sqft

straighten / sqft

1951

calendar_month Built

Property Description

Great opportunity to live in one house while renting out the other house. Also a good candidate for development. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. This is a premier development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers aiming to create a high-density, multifamily residential project. Key features include a generous buildable area. The property spans 7,414 sq. ft. with a buildable square footage of 22,242 sq. ft., offering ample space for a substantial development. Optimized density and parking efficiency may benefit builder by offering up to a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information here is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation in order to confirm the accuracy of the information including but not limited to lot size, zoning, building requirements and restrictions. One unit may be delivered vacant at close of escrow. call listing agent for information regarding current rent roll. The remaining tenant will remain after close of escrow. Call listing agent for more information regarding the current rent roll. Showings will be scheduled by appointment with accepted offer subject to interior inspection.

Listing Information

List Price $1,999,000
Status Active
MLS 24415467
Type Residential Income
Year Built 1951
Lot Size 7,415
Structure Size 1,773
DOM 58
Courtesy Of RE/MAX ESTATE PROPERTIES
Listing Agent Shamim Khorsand Mashhadi DRE#02042990

Interior Features

Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 2
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

Image

$4,300/month

king_bed 3
shower 1
straighten 888
straighten 7,415
11311 Pearl Street, #2499,

Los Angeles, CA 90064
Image

$1,550,000

king_bed 4
shower 2
straighten 1,806
straighten 7,502
2492 Corinth Avenue,

Los Angeles, CA 90064
Image

$2,750,000

king_bed N/A
shower N/A
straighten N/A
straighten 7,502
2470 Purdue Avenue,

Los Angeles, CA 90064
Image

$1,299,900

king_bed 3
shower 3
straighten 1,440
straighten 7,831
2517 Purdue Avenue,

Los Angeles, CA 90064
Image

$2,600/month

king_bed 1
shower 2
straighten 750
straighten 4,883
2585 S Sepulveda Boulevard, #7,

Los Angeles, CA 90064

Listing information courtesy of: Shamim Khorsand Mashhadi, RE/MAX ESTATE PROPERTIES . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 11th, 2024 at 5:45 AM 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.