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Listing Details

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School Ratings & Info

Description

Presented for sale is 5951, 5957 5959 W. 3rd Street, on 11,045 SF of C1-1VL Tier 1 zoned land, a corner double-lot that backs up to an alley. The Transaction includes two APNs! Located at the intersection of 3rd St. and Fuller Ave., this site is ideally situated in a high traffic, high income neighborhood within walking distance to The Grove, Pan Pacific Park, La Brea Ave. shopping and is central to the best hospitality and nightlife in Los Angeles! Currently operating as an auto-body shop (we are told it used to be a gas station), dog grooming and fitness studio, this property is ready for a re-positioning or re-development. Build a by-right project or maximize density to build 24 units over ground floor retail. Long-term owners of the site are open to look at all offers as they are ready to exchange into their next investment! Sale includes two APNs: 5512-016-006 & 5512-016-007. Dimensions of 105x110 with lot lines at an angle and rounded corner. At closing, auto-body shop will be delivered vacant, one tenant will be on month-to-month and one tenant will have approx. a year left on their lease.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-05T17:43:04.33. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/119509070
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5951 W 3rd St Los Angeles, CA 90036

  • Price: $6,500,000
  • Status: Active
  • Updated: 29 min ago
  • MLS #: 21-763214
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Beds
0
Baths
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½ Baths
0.25
Acres
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
Presented for sale is 5951, 5957 5959 W. 3rd Street, on 11,045 SF of C1-1VL Tier 1 zoned land, a corner double-lot that backs up to an alley. The Transaction includes two APNs! Located at the intersection of 3rd St. and Fuller Ave., this site is ideally situated in a high traffic, high income neighborhood within walking distance to The Grove, Pan Pacific Park, La Brea Ave. shopping and is central to the best hospitality and nightlife in Los Angeles! Currently operating as an auto-body shop (we are told it used to be a gas station), dog grooming and fitness studio, this property is ready for a re-positioning or re-development. Build a by-right project or maximize density to build 24 units over ground floor retail. Long-term owners of the site are open to look at all offers as they are ready to exchange into their next investment! Sale includes two APNs: 5512-016-006 & 5512-016-007. Dimensions of 105x110 with lot lines at an angle and rounded corner. At closing, auto-body shop will be delivered vacant, one tenant will be on month-to-month and one tenant will have approx. a year left on their lease.
Exterior Features

Cross Streets On 3rd Between Fairfax And La Brea. Lot Size Area 11045 View Description Other View YN Yes

Property Features

Cable YN Yes Potential Usage Mixed Use Redevelopment. Build 24 Units Over Ground Floor Retail Present Use Retail And Auto Mechanic Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning C1-1Vl Tier 1

Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-05T17:43:04.33. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211