Foreclosure
Address
2227 Valley Street Los Angeles, CA
Price
$ 2,070,000
Property Attributes
  • MLS#21679288
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 2,070,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.36 Acres
Listing Provided Courtesy Of:
Fred Doctorovich with AFD Realty, Inc..
Data Source:
CRMLS
Property Description

Motivated Seller! Unique DEVELOPMENT (un-entitled) opportunity in trendy KOREATOWN and Echo Park adjacent Westlake District. Located between Wilshire and Beverly Blvd, just east of Rampart Str; quiet residential area that is rapidly gentrifying. Architectural drawings, rendering go with property; Modern and light proposed structure with total of 26 units: 45 parking spaces at grade level (no subterranean costs). 13U- 2 bed and 2-2.5 baths, and 13U -1bed and 1-1.5 baths. Town homes are more rare and normally rent approx. 7-10% higher than regular apartments. 2 of the 26 units designated very low income. Several new Mixed Use projects in the works within 0.5 mile from this site with over 20,000 sf of brand new hip retail, services and trendy restaurant spaces on Wilshire at Virgil, Hoover and Alvarado Blvds. Walk Score 90. The lot is completely empty. Building across street completed 2016 with excellent rent comps.

Price History
1/13/2021 Listed $3,900,000
2/5/2021 11% - $3,500,000
3/5/2021 29% - $2,499,000
3/11/2021 21% - $1,988,000

General Features

MLS Area C42 - Downtown L.A.
Property Type Land
View None
Zoning LAR3

Exterior Features

Lot Size Acres 0.36
Lot Size Area 15731
Lot Size Source Appraiser
Lot Size Square Feet 15731
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90057

Price
AVG $2.83M
$2.07M
Visits
AVG 22
63
Walkscore
AVG 90
89
Data Provided by Walkscore ® not using MLS data

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