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33599300
33599290

931 South Holt Avenue, Los Angeles, CA 90035

MN
CA 01946024
$1,959,000
2 days on market
Updated 2 days ago

931 Holt Los Angeles CA

Details
Property Type Multifamily, Land
Sub Type Residential
Square Footage 3,075
Tenancy Vacant
Lot Size (SqFt) 5,689
Zoning R3
Parking Spaces spaces
Sale Condition N/A

Vacant Duplex with Development Upside!

Marketing description

Rare development opportunity at 931 S. Holt Ave - this charming Spanish-style duplex on a 5,689 sq ft R3-zoned lot is being delivered FULLY VACANT, providing immediate access and maximum flexibility for developers, owner-users, and investors. Zoned LAR3 and exempt from all parking requirements, it allows 7 units + 2 ADUs by-right with no low-income requirement, plus TOC Tier 3 incentives for substantial additional density and development bonuses. The existing structure features two spacious units each over 1,500 sq ft with 2 bedrooms and 1.5 bathrooms; the lower unit is fully remodeled (pictured first) while the upper is a value-add fixer (pictured second), plus a 3-car garage. Prime location just a quarter mile from the new Wilshire/La Cienega D-Line Metro station, squarely on the Beverly Hills border near the La Cienega Tennis Center, with easy access to Beverly Hills Restaurant Row, shopping, dining, Cedars-Sinai, and more. Ideal for new construction, owner-occupancy, or hold-and-improve in this highly desirable Westside pocket.

Investment highlights

This is either a developer or a flippers ideal project. Projected rent for bottom unit is $4,000+ as-is. Owner's son living there, paying $3,750 but will move out after purchase unless asked to stay. Upper unit is a fixer. Zoned R3, exempt from parking requirements, allows for minimum 7 units + 2 ADUs by-right.

Listing Contacts

MN
CA 01946024

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Additional Information

Name
Meir Nemetsky
License
01946024
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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