chat with us now
email us
714.779.LOAN

find an agent

Find a real estate agent for this home.

can i afford this home?

Contact Underwood Mortgage Group for more information on financing this home.

Mortgage Calculator

Home Price
Interest Rate
Years
Down Payment
Property Tax (Per Year)
PMI
Start Date
Powered by CalculateStuff.com

Change any combination of fields to calculate the monthly payment. Or change the down payment and monthly payment to calculate the possible home price.

Learn More Now

947 N Genesee Avenue

West Hollywood, CA 90046

$1,950,000

Status: Active Area: C10 - West Hollywood Vicinity
MLS#: 25610759

Description

We are pleased to present 944 N Ogden Dr and 947 N Genesee Ave, two vacant R3-B zoned parcels totaling approximately 13,000 square feet in a highly sought-after West Hollywood location. Situated just off Melrose Avenue and North Fairfax, these contiguous lots offer an outstanding opportunity for a boutique luxury condominium or multifamily redevelopment in one of Los Angeles' strongest infill markets. Each parcel is approximately 6,500 square feet and zoned R3 (Multi-Family Medium Density). The properties may be purchased individually or together, providing flexibility for developers pursuing smaller infill projects or a larger, combined assembly. The two parcels were previously approved together for a 10-unit luxury townhome condominium project, confirming entitlement feasibility and establishing a clear precedent for future development. Combined, the sites offer by-right potential for 16 units, and up to 34 units under AB 1287, which provides an additional 50% density bonus for projects that include both low- and moderate-income housing. Located within a half-mile of major public transit, the sites also qualify under AB 2097, which eliminates parking minimums for new developments in transit-rich areas significantly reducing construction costs and design constraints. Additionally, the parcels may qualify for streamlined, ministerial approval under SB 684, California's 2024 legislation that expedites small, for-sale infill projects with 10 or fewer units. The seller is open to providing attractive financing to qualified developers, including potential below-market, interest-only bridge terms, offering a rare opportunity to maximize leverage and returns during the entitlement and pre-construction phases.

Features

    Heating: N/A
    Cooling: N/A
    Structure Type: Other Association Amenities: N/A
    Price/sqft: $300
    Total Floors: N/A

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.