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Los Angeles Condo Development for Sale
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14-Unit Multifamily Development Project with Approved Plans

Address:
6901 Knowlton Place
Los Angeles, CA 90045

Number of Units: 14
Living Space: 19,389 sq ft
Unit Mix: see below
Stories: 3 plus basement
Lot Size: 11,500 sq ft

Asking Price: $1,100,000


View approved plans >>

Take advantage of this rare opportunity to develop a 14-unit condominium building in a great convenient neighborhood just 4 miles from Los Angeles Internationl Airport. Owner has approved plans. Knowlton Place is a quiet and beautiful tree-lined street with a mix of single family homes and 2 multifamily buildings, one of which is a successful condo project next door to the subject property. Property is currently occupied by Ladera Heights Prep School which will vacate upon the sale of the property.

Located just 1 block away from the intersection of La Tijera / La Cienega / Centinela, this property enjoy an abundance of conveniences including Ralph's grocery store, TGI Fridays, Starbucks Coffee, Jamba Juice, McDonalds, ChuckE Cheese's, Vons, and many more. Easy access to 405 Freeway and only a 10-minute drive to LAX. See map.



Unit Details and Income Projections
(based on market rental rate of $1.88/sf)
Unit # Description Sq. Ft. Monthly Rent
101 2 Bed & 2 Bath, Den 1,297 $2,438
102 2 Bed & 2 1/2 Bath,Den 1,404 $2,640
103 2 Bed & 2 1/2 Bath 1,221 $2,295
104 2 Bed & 2 Bath 1,250 $2,350
105 2 Bed & 2 Bath, Den 1,452 $2,730
201 2 Bed & 2 Bath, Den 1,360 $2,557
202 2 Bed & 2 1/2 Bath,Den 1,404 $2,640
203 2 Bed & 2 1/2 Bath 1,221 $2,295
204 2 Bed & 2 Bath 1,250 $2,350
205 2 Bed & 2 Bath, Den 1,452 $2,730
301 2 Bed & 2 Bath, Den 1,417 $2,664
303 2 Bed & 2 1/2 Bath,Den 1,241 $2,333
304 2 Bed & 2 1/2 Bath 1,405 $2,641
305 2 Bed & 2 Bath, Den 1,452 $2,730
       
Total Living Space 18,826 $35,393
Open Space / Common Area
Area Sq Ft
Backyard 896
Conference Room 233
Open Area 3rd Floor 1,083
   
Total 2,212
Building Area
Floor Sq Ft
First 7,079
Second 7,157
Third 7,375
Garage 9,819
   
Total 31,430

Disclaimer: all information herein is believed to be correct, but we do not guarantee its accuracy and rely on prospects to rely only on their own investigations.

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