947 Genesee AveWest Hollywood, CA 90046

Property Details for 947 Genesee Ave

Property type

Land

Description

This exceptional 6,500 square foot lot, located at 947 N Genesee Ave in West Hollywood, California (zip code 90046, APN 5530-025-021), is zoned WDR3C and offers a unique opportunity for residential development. Priced at $3,135,000 ($482.30/SF), this property presents a compelling investment prospect. The site is ready for the construction of ten luxury townhome units, mirroring a successful neighboring development. Plans include five 3-bedroom/3.5-bathroom units and five 3-bedroom/2.5-bathroom units, totaling 13,215 square feet of rentable space. Subterranean parking will be included, providing ample resident parking. The property boasts a Walk Score of 96, placing it within easy walking distance of West Hollywood's vibrant shops, restaurants, and entertainment venues. The seller is offering flexible financing options to facilitate a smooth development process, making this an attractive opportunity for both experienced and emerging developers. This prime West Hollywood location ensures high demand for the proposed luxury townhomes, promising a strong return on investment. The property's convenient location and the proven success of similar projects in the immediate vicinity make this a truly exceptional development opportunity.

Location Insight

City

West Hollywood

County

Los Angeles

State

California

Latitude

34.0885

Longitude

-118.359

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