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Multi-Family

6148 Afton Pl

6148 Afton Pl, Los Angeles, CA 90028

Listing Price: $2,400,000

Lot Size
0.24 acres
Price/Acre
$10,111,616
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present 6148 Afton Place, Los Angeles, CA. A 1921 Tudor-Revival Style two-story single-family residence, it contains approximately 1,939 square feet of original constructed building area that includes 4 bedrooms and two bathrooms with approximately 10,339 square feet of land area. The Tudor-Revival style of 6148 Afton Place is easily identified with it steeply pitched roofs, multiple gables and decorative side chimney. Almost always constructed with stucco, masonry, ornamental stone, brick work facades and landscaping, this Tudor-Revival structure teams with beauty. Currently, the building is being utilized as a Co-Living Multiple occupant operation containing approximately 2,699 sq. ft. (See Attached Floor Plan). The City of Los Angeles has previously identified code violations regarding the current use and occupancy of the property. Buyer shall have the sole responsibility to investigate and determine appropriate action to cure violations. A local architect has prepared preliminary conceptual drawings identifying the opportunity to add a four (4) story 12-unit apartment building to the rear of the single-family residence with the front façade and grand entrance of the residence remaining. Prospective buyers must conduct their own due diligence with all relevant governmental authorities in reference to the potential redevelopment opportunities available with this property. The property is located in the heart of Hollywood, CA, just minutes from the world-famous Hollywood Walk-of-Fame, exciting and renowned shopping, dining, studio and entertainment venues on Sunset, Hollywood, Wilshire and Santa Monica Boulevard with convenient mass local and regional transportation nearby. Easy access to the Interstate (101) and (10) Freeways, minutes to Downtown LA, Staples Center, LA Live as well as other world-renowned locations such as Santa Monica, Beverly Hills, Century City and LAX International Airport.

Investment Highlights

  • Great Redevelopment and Upside Opportunities
  • TOC Tier 3 and Zoning R3-1XL
  • Corner Lot
  • Located in the Qualified California Opportunity Zone
  • Central Hollywood Location
  • Minutes to World-Class Shopping, Dining, and Entertainment
  • Great Access to Interstate Freeways and Convenient Local and Regional Mass Public Transportation

Exclusively Listed By

Multi-Family

6148 Afton Pl

Listing Price: $2,400,000

Lot Size
0.24 acres
Price/Acre
$10,111,616
Land Type
Redevelopment

Investment Highlights

  • Great Redevelopment and Upside Opportunities
  • TOC Tier 3 and Zoning R3-1XL
  • Corner Lot
  • Located in the Qualified California Opportunity Zone
  • Central Hollywood Location
  • Minutes to World-Class Shopping, Dining, and Entertainment
  • Great Access to Interstate Freeways and Convenient Local and Regional Mass Public Transportation

Investment Overview

Marcus & Millichap is pleased to present 6148 Afton Place, Los Angeles, CA. A 1921 Tudor-Revival Style two-story single-family residence, it contains approximately 1,939 square feet of original constructed building area that includes 4 bedrooms and two bathrooms with approximately 10,339 square feet of land area. The Tudor-Revival style of 6148 Afton Place is easily identified with it steeply pitched roofs, multiple gables and decorative side chimney. Almost always constructed with stucco, masonry, ornamental stone, brick work facades and landscaping, this Tudor-Revival structure teams with beauty. Currently, the building is being utilized as a Co-Living Multiple occupant operation containing approximately 2,699 sq. ft. (See Attached Floor Plan). The City of Los Angeles has previously identified code violations regarding the current use and occupancy of the property. Buyer shall have the sole responsibility to investigate and determine appropriate action to cure violations. A local architect has prepared preliminary conceptual drawings identifying the opportunity to add a four (4) story 12-unit apartment building to the rear of the single-family residence with the front façade and grand entrance of the residence remaining. Prospective buyers must conduct their own due diligence with all relevant governmental authorities in reference to the potential redevelopment opportunities available with this property. The property is located in the heart of Hollywood, CA, just minutes from the world-famous Hollywood Walk-of-Fame, exciting and renowned shopping, dining, studio and entertainment venues on Sunset, Hollywood, Wilshire and Santa Monica Boulevard with convenient mass local and regional transportation nearby. Easy access to the Interstate (101) and (10) Freeways, minutes to Downtown LA, Staples Center, LA Live as well as other world-renowned locations such as Santa Monica, Beverly Hills, Century City and LAX International Airport.

Exclusively Listed By

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