Property listed by Keller Williams Beverly Hills, David Gomez 310-432-6400
$1,300,000
427 N Bixel St, Los Angeles, CA 90026 is a small single-family residence situated in a dense urban pocket just west of Downtown Los Angeles, near the boundary of the Westlake and Echo Park corridors. Positioned on an approximately 50 x 140 lot, the property benefits from a relatively deep… Read More parcel size for the area and reflects classic early Los Angeles housing stock originally constructed in the late 1800s. Surrounding the property is a rapidly evolving urban environment composed of older single-family homes, low-rise apartment buildings, and an increasing number of multifamily and infill redevelopment projects. The neighborhood offers strong connectivity to Downtown LA, Echo Park, Silver Lake, major freeway corridors, and public transportation, making it a highly desirable location for both residents and developers.The property is zoned R4(CW)-75/3-O, a high-density multifamily zoning designation within the Central City West Specific Plan area, allowing for significant redevelopment potential. The zoning permits high-density residential development with a 75-foot height limit and a 3:1 floor area ratio, creating the opportunity for a mid-rise apartment or mixed residential project. Based on the approximate 7,000 square foot lot size, the site may support an estimated 21,000 square feet of buildable area before incentives, with potential for additional density through affordable housing or transit-oriented development programs, subject to city approvals. Overall, the property derives substantial value from its underlying land and redevelopment potential rather than the existing improvements, positioning it as a compelling opportunity for investors, developers, or long-term land holders seeking exposure to one of Los Angeles' most actively transforming urban submarkets. Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
1
Square Ft.
1,199
Lot Size
0.16 Acres
Year Built
1887
MLS Number
26835341
Additional Details
Building
Built in 1887, Living area: 1199.0, Building faces East, Levels: One
Cooling
None
Fireplaces
None
Heating
None
Laundry
None
Lot
0.1623 acres, Dimensions: 50x140
Parking
3 total parking spaces, Driveway
Pool
None
Property
CityLights
Taxes
Parcel Number: 5160020010, Zoning: R4 (CW)
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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