1450 S Orange Grove Avenue

Description

We are proud to exclusively present for a sale a Redevelopment Opportunity in Picfair Village, Los Angeles. Situated on S. Orange Grove Ave., between Pico Blvd. and Saturn St., this 7,125 SF [Q] R3-1-O Tier lot 3 lot is very close to the Pico & Fairfax intersection. The Project will be delivered with an approved Letter of Determination. The Project Plans are already submitted to Los Angeles Building and Safety. Consisting of six 1+1, five 2+1, one 2+2, four 3+2 units, the Project has been designed with special attention to detail. The street-level Recreation Room may be convertible to an ADU. Three of the units will be dedicated to Extremely Low, Very Low and Low Income households. With ground-level and subterranean parking, this Project will provide 12 parking spaces. Future residents will enjoy a rooftop that will have great views of Los Angeles. The neighborhood features average household incomes above $114,000 in a 1 mile radius, showing that this area attracts a high-earning rental pool. This very central location, surrounded by a great variety of restaurants, nightlife and shopping, is walking distance to Vons and a short drive to LACMA, The Grove and The Farmers Market, among others. The area is designated as Very Walkable by Walk Score. Easy access to 10 freeway makes this property an easy to commute around Los Angeles. Currently there is a triplex on site that will be delivered vacant.