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Size: 0.15 Acres

Land - Los Angeles, CA

INCREDIBLE NEW PRICING STEPS TO MELROSE PLACE. BEST PRICED DEVELOPMENT AND/OR DUPLEX INVESTMENT IN SUCH A PRESTIGIOUS AREA. We are pleased to present a prestigious development opportunity located in a premier area of the Westside. 745 N Croft Avenue is a VACANT duplex which boasts close proximity to Melrose Place, known for its high-end retail and incredible dining establishments. Favorably zoned (Q)R3-1, the site allows for a range of uses utilizing California's recently adopted new housing laws intended to ease multifamily development including reduced parking requirements and allowance of accessory dwelling units (ADUs) on certain sites. Eligible for Tier 2TOIA (Transit Oriented Incentive Area) with the potential to construct up to 18 units utilizing the CHIP (Citywide Housing Incentive Program), this exceptional and rare opportunity offers a buyer arange of attractive redevelopment...

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Remax Commercial and Investment Realty

License #01366169

Pasadena, CA

(213) 817-1000

Jonathan Taksa

Remax Commercial and Investment Realty
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