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1514 La Baig Avenue

Los Angeles CA 90028

2
2
3
1620 sq. ft.
5502 sq. ft.
Other
Currently for sale - view listing

Overview

***Reduced $475K from original listed price - $240 Land PPSF by Sunset & Gower - Development Plans in Docs Section*** 1514 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits, and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density, incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units that are separately metered. The property also features covered and surface parking, and a standalone garage. 1514 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.

Features

2 bedrooms
2 bathrooms
3 carspaces
1 open car space
1 garage space
1620 sq. ft. floor area
5502 sq. ft. lot size
Other

Property history for 1514 La Baig Avenue

2020
Sold
$1,300,000
11 Mar 2020 by Edgar Aslanyan, of Berkshire Hathaway HomeServices California Properties (Santa Monica, 90403)

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