$1,250,000
For Sale

12017 Herbert Street

Los Angeles, CA 90066
1315 sqft | 3 beds | 2 baths | 0.11 acres | #25482679
Listing OfficeThe Niche
Type:Purchase
Structure:House
Zone:Residential

Description

First time on the market in over 50 years, this is a perfect opportunity for developers looking to capitalize on an exceptional piece of land. Zoned LAR3, this property offers the flexibility for a variety of development options, from multi-unit residential projects to potential mixed-use developments, making it an ideal choice for builders and investors looking to create something special in one of Los Angeles' most dynamic neighborhoods. With its generous lot size, the property provides ample space to design and build a modern residential development that aligns with the demand for new housing in this thriving part of West Los Angeles.The location couldn't be more convenientsituated just minutes from the vibrant Culver City Arts District, downtown Culver City, and Venice, residents will have easy access to top-notch dining, shopping, and entertainment. The property is also close to major tech hubs and studios, including the Culver Studios, Sony Pictures, and the Silicon Beach area, making it an attractive choice for those looking to live close to work and play. Nearby, Ballona Creek Trail offers outdoor enthusiasts a scenic path for walking, running, and biking, while Venice Beach is just a short drive away, providing the iconic California coastal lifestyle with sun, sand, and an array of shops and eateries along the famous boardwalk. For those seeking a well-connected urban location, it's within easy reach of major transportation corridors like the 405 and 10 Freeways, as well as public transit options. The area is rapidly evolving, with a strong demand for residential and mixed-use developments, making this an exciting investment for the future. Whether you're an experienced developer or a first-time investor, this property offers incredible potential in one of Los Angeles' most sought-after neighborhoods. DRIVE BY ONLY. DO NOT DISTURB TENANT. Property to be delivered vacant. **ALSO CAN BE COMBINED WITH VACANT LOT NEXT DOOR THAT IS FOR SALE AT 12019 HERBERT ST**

  • Property Details
      • Property SubtypeSingleFamilyResidence
      • CountyLos Angeles
      • Original List Price$1,250,000
      • Property TypePurchase
      • MLS #25482679
      • MLS #25482679
      • Cost1250000
      • Acres0.1148
      • Square Feet1315
      • Year Built1951
      • Bedrooms3
      • Bathrooms2
      • Full Baths2

Location

Jason SikolaReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Nearby Listings in 90066