210 Belmont Ave, Los Angeles, CA 90026

Property Description

First time on the market in 50 years! Yes not since 1969 has this true Victorian been offered for sale ~ Giving you an INCREDIBLE DEVELOPMENT OPPORTUNITY to lovingly renovate this fully permitted Victorian Fourplex back to its majestic glory or tear it down and construct your own vision of the future in the heart of Los Angeles. This lot offers the most amazing direct views of the Downtown Los Angeles Skyline. Nestled Between Downtown Los Angeles & Hollywood, this community of North Westlake shares the trendy vibe of adjacent Echo Park & Silverlake with its ever expanding art & fashion culture. Current Title & City records vary but the historical permits are available - and while the City show this lot measures 5,945 sq. ft., thanks to its RD1.5 zoning with a Tier 1 density bonus classification (Upto 35%) you may be able to build up to FIVE 1,180 sf units* (*if new owner utilizes the city's maximum allowable buildable area & setbacks). This property IS a rare opportunity to bring you a Million Dollar return on investment. Buyer to rely on their own due diligence to confirm the feasibility of the project, actual building square footage and other information deemed pertinent.