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$3,135,000
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Property Description
We are pleased to present a rare offering of two contiguous vacant lots located at 947 Genesee Avenue and 944 Ogden Drive in the vibrant city of West Hollywood. Spanning a combined total of 13,000 square feet with WDR3C zoning, these properties present an opportunity for developers and investors to construct a premier residential project and will be delivered RTI for 10 luxury townhome style condominiums. The plans for this site include the construction of (5) 3Bd/3.5Ba and (5) 3Bd/2.5 Ba townhome style units with 13,215 square feet of rentable space, each designed with luxury and modern living in mind. Additionally, the development will feature subterranean parking, providing ample and secure vehicle storage for residents. The exact same development, consisting of a three-story building with 10 luxury townhomes, was successfully completed on the two lots directly to the north, showcasing the proven appeal and success of such a project in this location. Current ownership is committed to facilitating a smooth development process and is offering favorable financing options. Terms will vary based on the buyer's experience, providing flexibility to seasoned developers and emerging investors alike. This prime location in West Hollywood not only offers a robust demand for high-end residential units but also provides residents with unmatched convenience. Nestled among eclectic shops, top-tier dining options, and vibrant entertainment venues, this site ensures a lifestyle filled with luxury and convenience. Proximity to iconic West Hollywood landmarks and the dynamic nightlife scene further enhances the appeal of this exceptional development opportunity.
Full Property Details
Full Property Details for 947 N Genesee Ave
General
- Price: $3,135,000
- Status: Active
- Type: Lots/Land
- Source: CLAW
- MLS ID: 24-394239
- Updated: 5/23/2024
- Added to Site: 174 day(s) ago
Location
- Area: West Hollywood Vicinity
- County: Los Angeles
- Driving Directions: Head north on North Fairfax Avenue and turn right onto Romaine Street, then turn right onto North Genesee Avenue. The subject property is located in-between Romain Street and Willoughby Avenue.
Lot Features
- Lot Size (Acres): 0.149
- Lot Size: 6500
- Lot Size Source: Assessor
- Lot Dimensions: 50 x 130
- Zoning: WDR3C*
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5530-025-021
Listed by Marcus & Millichap, Sevak Keshishian
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Schools
Schools serving 947 N Genesee Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
925 N Hayworth Ave, Los Angeles, CA 90046 | K-8 | 0.3 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.4 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 947 N Genesee Ave
Date
Details
Price
Change
Source
5/20/2024
Listed
$3,135,000
128%
MLS
1/06/2015
Sold
$1,375,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 947 N Genesee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,497
2%
$1,296,109
2%
2023
$16,183
5%
$1,270,696
2%
2022
$15,349
5%
$1,245,781
2%
2021
$14,639
-3%
$1,221,354
-19%
2020
$15,062
-16%
$1,511,036
2%
2019
$17,862
1%
$1,481,409
2%
2018
$17,697
2%
$1,452,363
2%
2017
$17,337
2%
$1,423,886
2%
2016
$16,972
335%
$1,395,968
399%
2015
$3,900
—
$279,798
2%
2014
$3,904
—
$274,318
—
2013
$3,888
—
$273,079
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 947 N Genesee Ave
947 N Genesee Ave, West Hollywood, CA 90046 (MLS# 24-394239) is a Lots/Land property with a lot size of 0.1490 acres. 947 N Genesee Ave is currently listed for $3,135,000 and was received on May 20, 2024. Want to learn more about 947 N Genesee Ave? Do you have questions about finding other Lots/Land real estate for sale in West Hollywood? You can browse all West Hollywood real estate or contact a Coldwell Banker agent to request more information.