$1,200,000
$1,395,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
6,503 Sqft Lot
SOLD DATE : 10/07/2024
Key Details
Sold Price $1,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24413429
Sold Date 10/07/24
HOA Y/N No
Lot Size 6,503 Sqft
Property Description
Partners CRE is proud to present for sale a Ready-to-Issue ED1-vested 31 Unit + 2 Commercial Affordable Housing Project on a 6,500 SF corner lot in a low-density area.Designed with efficiencies in mind, this fully stacked on-grade design features 6 x Studio's, 22 x 1 bedrooms, 3 x 2 bedroom units, and 2 commercial ground floor retail (for a total of around 19,749 SF of rentable space). The retail component offers a huge amenity to the building allowing the owner to provide services to tenants within the building, ex. a large PATH Office space, a Leasing office, or supportive center.The property features RTI plans that allow a developer to break ground once escrow is closed, and it will be delivered vacant at the close of EscrowThe property is located on Florence between Western and Normandie intersection and has easy access to 110 freeway. This opportunity is about 6 miles south of DTLA, about 3 miles south of Banc of California Stadium & LA Memorial Coliseum, and about 5 miles east of SoFi Stadium.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2-1-CPIO
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 6018007001
Special Listing Condition Standard
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Bought with Jordan Petito • Keller Williams Beverly Hills
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "