1 /
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Map
$3,506,000 - $4,284,000
●
Land -
Off Market
1325 N June St
Los Angeles, CA 90028
Studio
0 Bath
About This Property
We are excited to present an exceptional ready-to-issue (RTI)
three-lot assemblage at 1323, 1325, and 1331 N June St. The lots
host a single-family dwelling (SFD) with a spacious backyard, a
triplex composed of bungalow units, and a duplex with a large
concrete-paved area in the back. This strategic investment offers
significant growth potential in a flourishing community with
enormous upside. Plans call for the addition of 6 units, 22
bedrooms, and 16 bathrooms. The SFD will be renovated and converted
from a 1-bedroom, 1-bathroom to a 4-bedroom, 3-bathroom with 622
added square feet. Furthermore, an infill development will be
erected behind it composed of three units: two 1,684 SF 4-bedroom,
3-bathroom townhomes and one 1,479 SF 3-bedroom, 2-bathroom ADU.
While there are **no plans currently in place for the triplex
lot,** the large bungalows present great potential upside. Bedrooms
and bathrooms can potentially be added to the existing units with
added square footage (Buyer to conduct their own feasibility
studies). The existing duplex will be renovated and one of the
units will be converted from a 921.5 SF 1-bedroom, 1-bathroom unit
to a 2-bedroom, 2-bathroom unit. Additionally, an infill
development will be erected behind it composed of three units: two
approximately 1,550 SF 4-bedroom, 3-bathroom townhomes and one
1,286 SF 3-bedroom, 2-bathroom ADU. There are **no plans currently
in place to convert the 2nd duplex unit** as it is tenant occupied.
The surrounding neighborhood is a vibrant blend of cultural
diversity, offering a dynamic mix of residential and commercial
properties primarily in the entertainment industry such as
Paramount Pictures, Viacom, and the growing Netflix campus. It
boasts strong connectivity with excellent public transportation
links and proximity to key amenities like schools, hospitals,
parks, and the bustling retail district just north of the site
spanning the Hollywood Walk of Fame. The area sees strong demand
for real estate, fueled by ongoing urban revitalization and high
economic growth guaranteeing increasing rental income and property
value for years to come. This development site, complete with RTI
plans, is primed for lucrative returns in this burgeoning
neighborhood.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1925
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 18, 2024 | No longer available | - | |
No longer available | |||
Aug 29, 2023 | Price Increased |
$3,895,000
↑ $3M
(211.6%)
|
|
Price Increased | |||
Aug 29, 2023 | Price Decreased |
$1,250,000
↓ $100K
(7.4%)
|
|
Price Decreased | |||
Aug 17, 2023 | Price Decreased |
$1,350,000
↓ $3M
(67.4%)
|
|
Price Decreased | |||
Aug 15, 2023 | Listed | $4,140,000 | |
Listed |
Show More
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
1.5
Baths
2,498 ft²
$1,599/ft²
$3,995,000
Jul 17, 2023
-
-
Active
House
8
Beds
7.5
Baths
5,989 ft²
$601/ft²
$3,599,000
Aug 4, 2023
-
-
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