Views - New Construction
Address
8867 Alcott Street Los Angeles, CA
Price
$ 3,400,000
Property Attributes
  • MLS#0021705732
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBeverlywood Vicinity
  • Zip90035
  • Style
  • Price$ 3,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Marcus & Millichap
Data Source:
California Desert Association of REALTORS
Property Description

We are pleased to present 8867 Alcott Street, a high-profile RTI development opportunity in Pico Robertson, CA, just two blocks outside of the Beverly Hills city border. The RTI plans call for 17-units in a 5-story, above-ground structure over two levels of subterranean parking. This development opportunity is truly unique in that the site was grandfathered into the TOC program as a Tier 3 designation since the application was already in the citys system before the transit rezoning took place in June of 2019. As such, the city will no longer allow this type of building, with this height and density, to be built in this specific area. This will allow a buyer to capitalize on the opportunity to build a sizable structure that will afford tenants unobstructed views for miles, especially since the majority of parcels in this neighborhood are zoned R1 and R2.Currently, the property has a vacant triplex building on it. The tenants were not relocated via the Ellis Act nor were any tenants paid relocation fees, which should translate to smooth sailing for a developer looking to move quickly. All entitlement fees have been paid (including LADWP), which means a builder can pull all the building permits right after the close of escrow and start developing.

Price History
3/15/2021 Listed $3,400,000

General Features

MLS Area C09 - Beverlywood Vicinity
Senior Community Y/N No
View City Lights
Zoning LAR3

Exterior Features

Land Lease Type Fee
Lot Size Acres 0.17
Lot Size Area 7293.0
Lot Size Square Feet 7293.0
Lot Size Units Square Feet
View Y/N Yes

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 90035

Price
AVG $4.35M
$3.4M
Walkscore
AVG 97
97
Data Provided by Walkscore ® not using MLS data

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