Fully rented 6 unit building in an incredible location! Close to Westfield Shopping Mall, Google Campus and Beverly Hills.Seismic retrofit completed, this well cared for building features 4 2-bedroom units and 2 1-bedroom units. Some units have been updated. This is a great up-leg option for a 1031 exchange to enjoy regular income and appreciation over the years to come! Alternatively, this lot provides for outstanding development potential! Please note this information is from my own research with city offices and from conversations with city employees. It is given as an opinion only with no implied guarantee for accuracy. Interested parties to rely on their own research with their trusted professionals. FAR is 3:1; Max Building height is 4 stories; Setback front and rear: 15 feet; Side setback: 5 feet plus 1 feet for each story above 2 stories, resulting in 7 feet on each side; Lot dimension is 130 ft by 55 ft; Current entrance on Ilona - buildable lot is 2,900 sft x 3 = 8,700 sqft living space; Potential entrance on Fox Hills - buildable lot is 4,100 sqft x 3 =12,300 sqft living space; At an assumed exit price of $1,000 per sqft condo living space, the potential for an exit could be $12,300,000! Interior access with accepted offer only. Please DO NOT disturb tenants! Thank you!
10301 Ilona Ave, Los Angeles, CA 90064
View additional property information below.
Area & Lot
Lot Area0.164 Acres
Living area6,234 Sq.Ft.
Air conditioningWall Unit(s)
Other Exterior FeaturesNone
ParkingAssigned, Attached, Built-In Storage, Carport, Garage - 3 Car