6142 Alcott St
Los Angeles,CA 90035
Mid-Construction Development Opportunity to Build 4 Townhomes in Faircrest Heights
ASKING PRICE | $1,849,000
3 BD/3 BA
3 BD/3 BA
3 BD/4 BA + Den
4 BD/2.5 BA
MID CONSTRUCTION DEVELOPMENT OPPORTUNITY! Introducing your next investment opportunity at 6142 Alcott St--a primely located property in the Faircrest Heights neighborhood of Los Angeles.
This vacant 6,000 SF lot, already primed for framing, is zoned LARD1.5 and is being sold with permits to build four luxurious 3-story townhomes. The previously existing structure has already been demoed, grading is complete, underground plumbing and methane vent system in foundation are in place, and electrical permits are estimated to be delivered in 2-4 weeks.
The future project plans provide 7,230 SF of gross building area (5,933 SF of living space) divided among four sleek, modern townhomes. Each townhome will include private attached garages, walk-in-closets and various storage spaces with some featuring walk-in kitchen pantries and powder rooms. Plans call for two 3-bed/3-bath townhomes, one 3-bed/4-bath townhome, and one 4-bed/2.5-bath townhome--a total of 13 bedrooms and 12.5 bathrooms--all crafted with a contemporary touch that complements the vibrant Faircrest Heights aesthetic.
Attention, developers--this project is further enhanced by parking reductions made possible through AB 2097, allowing you to optimize livable space. And the potential of this project doesn't end there. With strategic use of affordable housing density incentives, either through the standard program or the Tier 3 Transit Oriented Communities (TOC) eligibility, the prospect to scale this development to 5 or 6 units is a viable possibility.
Seize this opportunity to deliver high-quality housing in one of the city's most desirable neighborhoods while maximizing return on investment.