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1047 S Corning St

Los Angeles CA 90035

4862 sq. ft.
Land
Currently for sale - view listing

Overview

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.

Features

4862 sq. ft. lot size
Land

Property history for 1047 S Corning St

2018
Sold
$1,400,000
04 Sep 2018 by Rhett Richar Winchell, of Kennedy Wilson Auction Group

Happy sellers in Los Angeles

<50%
Less than 50% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

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