Closed | Two Adjacent Lots Totaling 21,091 SF
Woody Stahl and Brett Lyon of Lyon Stahl are pleased to have closed 624-626 E Arbor Vitae St, two adjacent lots totaling 21,091 square feet that consist of a 4-unit building, a triplex (teardown), duplex, and an SFR (10-units in total)!
This property sold for $2,300,000.
Both parcels are zoned RM (Residential & Medical) and are located approximately 240 yards to the entrance of the new $5B Sofi Stadium and Hollywood Park Entertainment Complex.
The nearly completed development will feature 1.5 million sq. ft. of retail and office, 2,500 residences, a hotel, and a 20-acre park.
RM zoning allows for the development of an office/medical or mixed-use residential building up to 6 stories or R3 zoning.
Given the property’s incredible location, this is an excellent development or value-add investment opportunity with immediate upside potential.
More on this Property:
For Future Listings, Contact:
Brett Lyon: Brett@LyonStahl.com
Woody Stahl: Woody@LyonStahl.com