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$1,300,000
Est. payment /mo
2 Beds
1 Bath
1,199 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,199 sqft
Price per Sqft $1,084
MLS Listing ID CL26835341
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1887
Lot Size 7,069 Sqft
Acres 0.1623
Property Sub-Type Single Family Residence
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning R4 (CW)
Interior
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
View Y/N true
View City Lights
Total Parking Spaces 3
Private Pool false
Building
Story 1
Architectural Style Bungalow
Level or Stories One Story
New Construction No
Others
Tax ID 5160020010
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Listed by David Gomez • Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122