1047 S Corning Street, Los Angeles, CA 90035
List Price: $2.5M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 4,862 sq ft
MLS Number: 26906761
About This Property
RTI: A vacant, R3 infill development site in Pico-Robertson / Faircrest Heights, minutes from Beverly Hills. On this street, value is the land and density. Offered as-is. The project architect has advanced pre-application plans for a 6-story, 15-16 unit building (12 market-rate + 3 very-low-income) over a subterranean garage, moving the site from 6 units by-right to 1516 via Transit Oriented incentives, a 22-ft height bonus to 67 ft, and zero required parking (AB 2097). That density is the value engine, and the basis for pricing per buildable unit rather than as an occupied home.
Listing provided by: Sally Forster Jones DRE #00558939 310-230-5478 showings@sallyforsterjones.com, Compass
Source: CRMLS, MLS #: 26906761
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