RTI development project in Pico Robertson, CA. The existing structures are a six unit apartment building and a duplex on adjacent lots, both of which are vacant. The property comes with fully approved plans for a 15-unit apartment building, with all single story, three-bedroom/two-and-a-half bathrooms units with patios. The first floor features a recreation room as well as a managers office. Plans include: soils and surveys report, architectural, structural, electrical, ventilation, plumbing, HVAC and shoring. The demo permit and building permit are ready to be issued at Buyers cost. All permits and fees are approximately $123,000. The gross buildable area is 24,547-square feet and total rentable area is 12,731-square feet. The project is four stories over one level subterranean garage. Floor plans all consist of larger sized units that are in high demand for this area, especially for families.
Listing provided courtesy of
, Marcus & Millichap
Additional Property Details
Beverly Center Miracle Mile
Shopping, dining, and easy access to everything, the Beverly Center/Miracle Mile area represents a true rise to stardom for an area that was once just an oil patch and barley fields. Today the area is home to Cedars-Sinai, one of the world’s leading medical centers and to the famous Beverly Center which brings in thousands of tourists each year, drawn to premium shopping in a luxurious setting. LACMA and other museums make Museum Row a draw for locals and tourists alike.
Real Estate: The Beverly Center-Miracle Mile area is full of many diverse types of real estate for sale including single-family residences as well as apartment buildings and condominiums. This area is also home to Park La Brea, a massive complex of over 4,200 units over 160 acres. It is one of the biggest housing complex developments on the West Coast.
Community Life: The pleasures of urban living are on display in this area. Food trucks cluster along Wilshire Boulevard in front of LACMA. The Miracle Mile Farmers Market runs from 11 to 3 on Wednesdays and attracts a big crowd. The Pan Pacific Park Recreation Center includes an auditorium, basketball courts, and a baseball diamond.
Education: The Miracle Mile-Beverly Center area is served by the Los Angeles Unified School District. Local public schools include Wilshire Crest Elementary School, John Burroughs Middle School, and Los Angeles Senior High School. Nearby private schools include Fusion Academy Miracle Mile, Cathedral Chapel School, and Yeshiva Gedolah of Los Angeles.
Transportation: This area is easily accessed by the 10 Freeway and both Wilshire Boulevard and Beverly Boulevard are major access points. The area is served by multiple Metro bus lines and the Wilshire Bus Rapid Transit Project is improving commute time to increase ridership of these routes.
Local Attractions: This area is home to Museum Row, a vibrant area that includes LACMA, the Petersen Museum, the Craft and Folk Art Museum, the Page Museum at the La Brea Tar Pits, and coming soon, the Academy Museum of Motion Pictures which will inhabit the former May Company building.
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