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1275 W Sunset Blvd

Los Angeles, CA 90026
  • $5,680,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 22-147063
Foreclosure
UPDATED: 45 min ago
$5,680,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

DWG Capital Group, as exclusive advisor, is pleased to present for sale a new superior development project located at 1279 Sunset Boulevard, Los Angeles. The subject development property offers a developer/investor the opportunity to acquire a nearly shovel-ready (RTI) project (by closing), eliminating entitlement risk, significantly reducing carrying costs, and future building cost escalation risks to close to get straight to a path of profit.The fully entitled apartment development sale has an in-place, intelligent and attractive building design via an excellent architect and seasoned developer. Its C2-1VL parcel assemblage site has removed all existing improvements and is ready to issue permits. The fully stamped completed plans allow the project to commence quickly to develop a new Five-Story, 75-Unit Apartment Building along with 2 Levels of Subterranean Parking.Well-located in the heart of the flourishing Elysian Parkway/ Echo Park/ submarkets, near Dodger Stadium, 1279 Sunset is an ideal acquisition for an experienced developer looking to build quickly and establish or expand their strategic interest in Los Angeles.*DWG is also marketing a new 71-unit development site for sale if a more extensive 146-unit development portfolio is desired.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-30T18:43:44.76. 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.searchdesertrealestate.com/homes/127779400
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1275 W Sunset Blvd Los Angeles, CA 90026

  • Price: $5,680,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 45 min ago
  • MLS #: 22-147063
0
Beds
0
Baths
0
½ Baths
0.46
Acres
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
DWG Capital Group, as exclusive advisor, is pleased to present for sale a new superior development project located at 1279 Sunset Boulevard, Los Angeles. The subject development property offers a developer/investor the opportunity to acquire a nearly shovel-ready (RTI) project (by closing), eliminating entitlement risk, significantly reducing carrying costs, and future building cost escalation risks to close to get straight to a path of profit.The fully entitled apartment development sale has an in-place, intelligent and attractive building design via an excellent architect and seasoned developer. Its C2-1VL parcel assemblage site has removed all existing improvements and is ready to issue permits. The fully stamped completed plans allow the project to commence quickly to develop a new Five-Story, 75-Unit Apartment Building along with 2 Levels of Subterranean Parking.Well-located in the heart of the flourishing Elysian Parkway/ Echo Park/ submarkets, near Dodger Stadium, 1279 Sunset is an ideal acquisition for an experienced developer looking to build quickly and establish or expand their strategic interest in Los Angeles.*DWG is also marketing a new 71-unit development site for sale if a more extensive 146-unit development portfolio is desired.
Exterior Features

Horse YN No Lot Size Area 20207 View Description City View YN Yes

Property Features

Cable YN No Complex Name N/A Public Street YN True Sale Type Real Estate Owned Source Lot Size Area Vendor Enhanced Zoning Lac2

Listing provided courtesy of John 'Judd' Dunning DRE#01520854 of John Barker Dunning.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-30T18:43:44.76. 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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