2877 Francis Avenue

Los Angeles, CA 90005

$7,750,000
Last Sold Price
27,000 / 0.62
Lot Size / Acres

Description

Presented for sale is a 4-Parcel Assemblage in prime Koreatown. With a combined lot size of 27,000 SF and R4-2 (Tier 3 TOC) zoning, this site perfectly lends itself to be a prime development opportunity. The buildings on the lot, which currently hold nine units, have already been Ellis'd and will be delivered vacant! Developers can build 67 units by right and 116 units using a TOC density bonus. The project site is situated just three blocks from the legendary Park's BBQ, positioned in the heart...Presented for sale is a 4-Parcel Assemblage in prime Koreatown. With a combined lot size of 27,000 SF and R4-2 (Tier 3 TOC) zoning, this site perfectly lends itself to be a prime development opportunity. The buildings on the lot, which currently hold nine units, have already been Ellis'd and will be delivered vacant! Developers can build 67 units by right and 116 units using a TOC density bonus. The project site is situated just three blocks from the legendary Park's BBQ, positioned in the heart of Los Angeles' Koreatown District. Around the corner from the Metro Station at Wilshire and Vermont, this location provides residents with direct access to an abundance of public transit options, nightlife, restaurants, coffee shops and much more in this burgeoning K-Town pocket.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #00625769 • Compass
  2. Listed by Justin Ruder • DRE #02080759 • Brokerage DRE #00625769 • Compass

Property Details for 2877 Francis Avenue

Zoning
R4-2 Tier 3
Parcel Number
5077022059
Area
Mid-Wilshire (C17)
Lot Size Area
27000
Source Lot Size Area
Assessor
Home owner Dues
$0
Assessor Parcel Number
5077-022-059
Directions
Koreatown - Between Wilshire and Olympic and between Vermont and Hoover.

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, Justin Ruder, DRE #02080759

Sold By LA Commercial, Peter Ciriello, DRE #01418188; Compass, DRE #C124250

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LISTING UPDATED: 03/05/2020 04:03 PM

Property Details for 2877 Francis Avenue

StatusSold
MLS #19-530128
Days on Market110
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.62 AC
CountyLos Angeles County

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, Justin Ruder, DRE #02080759

Sold By LA Commercial, Peter Ciriello, DRE #01418188; Compass, DRE #C124250

Add your commute

Building Information for 2877 Francis Avenue

Lot Size0.62 AC

Payment Calculator

$50,504 per month

30 year fixed, 7.25% Interest

Principal and Interest

$42,295

Property Taxes

$8,209

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2877 Francis Avenue

Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Lot Size Square Feet: 27000
  • Lot Size Dimensions: 200x135
  • Source Lot Size Dimensions: Assessor
  • Telephone: 1.0
  • Cable: 1.0
  • Geocode Override: 0.0
Lease Terms
Lease Terms
  • Entry Date: 11-14-2019

Public Records for 2877 Francis Avenue

Taxable ValueLand$8,136,120Additions-Total$8,136,120
Tax Record2023$98,505 ($8,209 / month)
Home Facts
Total Finished SqFt11,518 SqFtAbove Grade Finished SqFt11,518 SqFtLot Size26,999 SqFtStyleQuadraplexYear Built1922ZoningLAR4CountyLOS ANGELESAPN5077-022-059

Schools near 2877 Francis Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hoover Street Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

Young Oak Kim Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, Justin Ruder, DRE #02080759

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.