Closed – Sought After Mixed-Use Development Adjacent to Sofi Stadium!-old
Woody Stahl and Brett Lyon of Lyon | Stahl are pleased to have closed 624-626 E Arbor Vitae St, a sought after mixed use development adjacent to Sofi Stadium.
Current Use of 624-626 E Arbor Vitae St is (1) SFR, (1) Duplex, (1) Vacant Triplex, & (1) 4-Unit. Total of 10 Units on 21,091 Sq. Ft. of Land.
R-M Zoning Has Multiple Options Including the Development of 19 Condos or a 6 Story Medical/Office Building
Sold for $2,250,000
Located Approximately 240 Yards to the Entrance of the New $5B Sofi Stadium and Hollywood Park Entertainment Complex, Which Will Feature 1.5M Sq Ft of Retail and Office, 2,500 Residences, a Hotel, and a 20 Acre Park
Lyon Stahl Investment Real Estate is proud to present 624-626 Arbor Vitae St, two adjacent lots totaling 21,091 square feet that consist of a 4-unit building, vacant triplex, duplex, and a SFR (10 units in total). 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 new development will feature 1.5M of retail and office, 2,500 residences, a hotel, a 20-acre park. RM zoning allows for the development of up to 19 condos (1 condo/1,100 SF of land), or an office/medical building up to 6 stories.
Given the property’s incredible location, this is an excellent development of value-add investment opportunity with immediate upside potential.
For more information on this property:
Brett Lyon: [email protected]
Woody Stahl: [email protected]