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401 S Le Doux Rd, Los Angeles, CA 90048
$2,626,000
401 S Le Doux Rd, Los Angeles, CA 90048View this property at 401 S Le Doux Rd, Los Angeles, CA 90048
401 S Le Doux RdLos AngelesCA90048
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Property Description
We are excited to present this exceptional development opportunity located at 401 S Le Doux Rd in Los Angeles, CA 90048. The Site consists of 6,861 square feet of land (0.16 acres) zoned R4-1. The Offering is currently run as a 6-unit apartment building and grosses $133,236 annually. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use.A developer has the unique opportunity to build 19 units by-right or 34 units with Tier 3 TOC. With a Walk Score of 95, The Site is located in prime Beverly Grove and is a block from the bustling street of La Cienega's Restaurant Row and the Beverly Center where world renown restaurants and world class shopping and entertainment await. Beverly Grove, located within the 90048 zip code of Los Angeles, is a charming and upscale neighborhood that epitomizes the elegance of Southern California living. This sought-after enclave seamlessly blends urban convenience with a touch of suburban tranquility. Known for its tree-lined streets and picturesque residential areas, Beverly Grove exudes a serene ambiance while being in close proximity to the bustling entertainment and shopping districts of West Hollywood and Beverly Hills. The neighborhood is a haven for fashion enthusiasts, as it boasts high-end boutiques, renowned designer stores, and trendy restaurants along the famous Melrose Avenue. Additionally, the iconic Farmer's Market at The Grove serves as a communal gathering spot where locals and tourists alike come to enjoy diverse culinary offerings and unique shopping experiences. Beverly Grove's blend of style, culture, and accessibility makes it a coveted destination in the heart of Los Angeles.
Full Property Details
Full Property Details for 401 S Le Doux Rd
General
- Sold For: $2,626,000
- Status: Closed
- Type: Lots/Land
- MLS ID: 23-316171
- Added to Site: 213 day(s) ago
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Driving Directions: Burton & San Vicente
Lot Features
- Lot Size (Acres): 0.1575
- Lot Size: 6861
- Lot Size Source: Assessor
- Present Use: 6-Unit Apartment Building
- Potential Use: 19 Units By-Right / 34 Units with Tier 3 TOC
- Zoning: LAR4
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4334-016-037
Listed by Marcus & Millichap, Filip Niculete and Marcus & Millichap, Glen Scher
Sold by Power Brokers, Shiva Mehrdad
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Schools
Schools serving 401 S Le Doux Rd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
503 N Croft Ave, Los Angeles, CA 90048 | K-6 | 0.7 mi | |
600 S McCadden Pl, Los Angeles, CA 90005 | 6-8 | 2.4 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 S Le Doux Rd
Date
Details
Price
Change
Source
3/15/2024
Sold
$2,626,000
-12.47%
MLS
12/15/2023
Price Reduced
$3,000,000
-6.25%
MLS
9/28/2023
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
401 S Le Doux Rd, Los Angeles, CA 90048 (MLS# 23-316171) is a Lots/Land property that was sold at $2,626,000 on March 15, 2024. Want to learn more about 401 S Le Doux Rd? Do you have questions about finding other Lots/Land real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.