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8606 Beverlywood Street

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8606 Beverlywood Street | Los Angeles, CA

$2,795,000

*** Being sold concurrently with 8612 Beverlywood St.!! Together, the double lot consists of 14,500 SF of [Q] R3-1 land just steps from the Helms Bakery District and Downtown Culver City. The [Q] restricts density to 1:1200. The site is a Tier 1 TOC with 8 existing rent controlled units of which the Buyer will be responsible for relocating the tenants only after close of escrow. The site presents an extremely rare opportunity to acquire and develop a flat large double lot into apartments, condos, or small lot homes at a highly attractive west side City of Los Angeles location adjacent to Culver City - well within Silicon Beach's sphere of influence. The property is approximately 1 mile from the “Culver Steps” development where it has just been announced that Amazon will occupy the entire office component. The site’s 1:1200 density restriction results in a base calculation of 12.5 units. The Los Angeles based modern architecture firm, Modative, has drafted an initial site plan concept for the site to aid in conveying the most likely yield potential of 11 small lot homes. A tentative tract map application has not been filed. The rendering pictured depicts this concept. No official plans exist. Please contact the listing broker for a copy of this potential site plan. Additional assemblage potential does not exist.
Listing Provided by Francis Evanisko, Evanisko Realty & Investment

Based on information from California Regional Multiple Listing Service, Inc. as of September 4, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.