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757 Cole Ave, Los Angeles, CA 90038
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757 Cole Ave Los Angeles, CA 90038

$2,500,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$2,500,000 Get Pre-Qualified
Map preview of 757 Cole Ave, Los Angeles, CA 90038

Property Overview: 757 Cole Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 6,938 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Attention Developers and Investors, here is an exceptional opportunity for a premier multi-family development in Hollywood. This vacant corner lot, totaling 6,459 SQFT and zoned R3, is located in a prime neighborhood north of Melrose Ave and one block east of Hudson Ave, near Hancock Park & Larchmont Village. A shovel-ready project can be easily developed into a 7,822 sqft three-story seven-units apartment complex with one level of subterranean parking. The plans include seven two-bedroom apartments, each ranging from 1,039-1,350 SF. All permit fees have been paid, and construction can commence immediately. The advantage of this site is its corner location (easy to build) and its proximity to newly developed apartment complexes (curb appeal). Additionally, it is conveniently centrally located with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. As well, it near Paramount Studios, Los Angeles Tennis Club, Netflix, Larchmont Village, restaurants, shops & walking distance to the Theatre Row.

Listed by Yana Beranek | BRE #01957970 | Berkshire Hathaway HomeServices California Properties
Last checked: 14 minutes ago | Last updated: February 26th, 2024 | Source CRMLS | DOM: 126
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Home details

Lot Sq. Ft
6,938
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
23339951
City
Los Angeles
County
Los Angeles
Time on Site
139 days

Open Houses for 757 Cole Ave

No upcoming open houses

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Property Details for 757 Cole Ave

Lot Details / Garage and Parking
Property Information
  • Has View
  • View: Mountain(s)
  • Parcel Number: 5533034001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Melrose Ave and one block east of Hudson Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 757 Cole Ave

Last sold for $750,000 on July 1st, 2015

  • December, 2023

  • Dec 15, 2023

    Date

    Active

    CRMLS: 23339951

    $2,500,000

    Price

  • December, 2020

  • Dec 22, 2020

    Date

    Canceled

    CRMLS: PW20061835

    $2,850,000

    Price

  • Jul 24, 2020

    Date

    Price Change

    CRMLS: PW20061835

    $2,850,000

    Price

  • Mar 23, 2020

    Date

    Active

    CRMLS: PW20061835

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    Attention Developers and Investors. Premier multi-family development opportunity in Hollywood. Fully entitled, permits issued and paid, 7 unit apartment building development opportunity located south of Santa Monica Blvd and one block east of Hudson Ave in vicinity of Hancock Park. Seller provides city approved set of plans with RTI Permits (mechanical, electrical, and plumbing, etc.) included in the price of the land. This 6,936 square foot flat lot is zoned R3. The great advantage to this site is that you have the corner property which makes it so much easier to develop. Close proximity to Paramount Studios, Los Angeles Tennis club, Netflix, Larchmont Village, restaurants, shops, walking distance to Theatre Row and easy access to the Westside. Buyer and Buyer's Agent is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Start building right away and capitalize on 1 year of entitlement work. It is one of the most risk adverse opportunities in the market considering both housing-shortage and market risk due to its irreplaceable location and uniq potential in Hollywood. Plans available for review upon request

  • July, 2015

  • Jul 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

  • January, 2013

  • Jan 28, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 757 Cole Ave

Assessed Value (2020): $811,822
Year Land Value Improved Value Assessed Value
2020 $649,458 $162,364 $811,822

Home Value Compared to the Market

This property vs the competition

757 Cole Ave is listed 104.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000.

About 757 Cole Ave

Detailed summary of property

757 Cole Ave is a land located in Los Angeles, CA 90038 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 6,938 square foot lot. 757 Cole Ave was first listed on ArdentRealEstateGroup.com on December 16, 2023. The homeowner is currently asking $2,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 104.08% higher than the median priced home. Local competing homes currently for sale include 339 N Virgil Ave, 1547 Sunset Plaza Dr and 1637 S Vermont Ave. While the average home in Los Angeles, CA is selling in 96 days, 757 Cole Ave has a days on market of 126 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 757 Cole Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 757 Cole Ave

Public county record property details
Beds
2
Baths
1
Year built
1936
Sq. Ft.
1,339
Lot Size
6,935
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5533-034-001

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$709
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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