$3,400,000 - Views - New Construction

$3,400,000 8867 Alcott Street Los Angeles, CA

MLS: 21705732   Type: Land   County: Los Angeles   City: Los Angeles   Area: Beverlywood Vicinity   Zip: 90035  

Mortgage $15,962 /mo



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We are pleased to present 8867 Alcott Street, a high-profile RTI development opportunity in Pico Robertson, CA, just two blocks outside of the Beverly Hills city border. The RTI plans call for 17-units in a 5-story, above-ground structure over two levels of subterranean parking. This development opportunity is truly unique in that the site was grandfathered into the TOC program as a Tier 3 designation since the application was already in the citys system before the transit rezoning took place in June of 2019. As such, the city will no longer allow this type of building, with this height and density, to be built in this specific area. This will allow a buyer to capitalize on the opportunity to build a sizable structure that will afford tenants unobstructed views for miles, especially since the majority of parcels in this neighborhood are zoned R1 and R2.Currently, the property has a vacant triplex building on it. The tenants were not relocated via the Ellis Act nor were any tenants paid relocation fees, which should translate to smooth sailing for a developer looking to move quickly. All entitlement fees have been paid (including LADWP), which means a builder can pull all the building permits right after the close of escrow and start developing.

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Price History

3/15/2021 Listed $3,400,000

Additional Parcels Y/N No
MLS Area C09 - Beverlywood Vicinity
Property Type Land
Senior Community Y/N No
Sewer Other
View City Lights
Zoning LAR3

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7293
Lot Size Square Feet 7293
Lot Size Units Square Feet
View Y/N Yes

Property Schools

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Property vs Zip Code Avg (90035)

Price 3.40M Avg 4.35M

Acres 0.17 Avg 0.26

Visits 9 Avg 12

Days on Site 36 Avg 41

Walkscore® 97 Avg 97

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Filip Niculete with Marcus & Millichap.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA