
Courtesy of: Eliyahu Appel, Equity Union, eli.appel@theappelgroup.com
$2,150,000
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8 bed
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6.00 Bath (6 Full)
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Lot: 0.14 Acres
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Other
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$2,150,000
11061 Ohio Ave 11061 Ohio Ave presents a rare West Los Angeles triplex opportunity consisting of three vacant units: one spacious 5-bedroom/3-bath unit with a den, one 2-bedroom/2-bath unit with a den, and one 1-bedroom/1-bath unit with a den. Delivered fully vacant, the property offers immediate flexibility for an owner-user, investor, or developer to renovate and lease the units at current market rents, maximizing income potential from day one.11061 Ohio Ave may also be acquired together with 1433 S. Bentley Ave, creating a combined 12, 000+ SF development site. The site's [Q]RD3-1-O zoning and favorable transit-oriented positioning may support the development of approximately 3536 residential units through a stacked density bonus strategy utilizing AB 1287 "Double Bonus" incentives. Under this framework, a developer may be able to increase achievable density while improving project economics through potential parking reductions, enhanced FAR allowances, and streamlined entitlement pathways.
Courtesy of: Eliyahu Appel, Equity Union, eli.appel@theappelgroup.com
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