For Sale

Listed by Sally Forster Jones and Marc Sonnenthal from Compass

Source: Combined LA Westside Multiple Listing Service, Inc #26906761

1047 S Corning St, Los Angeles, CA, 90035

$2,495,000

4862 sq. ft.

Land

•

1 day on the market

What's around 1047 S Corning St

About this property

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.

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