Jordan Petito
This listing was posted on RealtyWW.
$1,295,000
S Mountain View Ave, Los Angeles, Plot For Sale
Price:
$1,295,000
BR/BA:
1 BR, 1 BA
Location:
142 S Mountain View Ave, Los Angeles, CA
Description:
PartnersCRE is proud to present for sale a fully entitled ED1-vested 22 unit 100% Affordable Housing Project in a gentrifying Low-Density neighborhood.Designed with low cost efficiencies in mind, this 3-story partially stacked on-grade design featuring 22 x 1BR+1BA units (for a total of around 12, 780 SF of rentable space), along with a large office space and bike storage.Zero parking spaces will allow a developer to avoid the high cost of on grade or subterranean parking in this Very Walkable neighborhood with Excellent Transit (according to Walk Score of 89 Very Walkable ).The future potential income from this project will benefit from access to HCD Schedule 6 (20% of total units) and TCAC Schedule 9 (80% of the total units), which are currently standard in Los Angeles for 100% Affordable Projects. Additionally, the location of this property may attract Section 8 voucher tenants increasing the potential income by around 20% for each unit.Westlake is one of the more centrally located parts of LA within close proximity to Echo Park, Silverlake, Downtown LA, Larchmont Village, and many more prominent locations.For more details: https://realtyww.info/land-lots_los-angeles-d523223/for-sale_i73559557
Property Type:
Real Estate
Sq feet:
780 sq. ft.
Amenities:
Parking, Storage, View
Posted:
July 1 on RealtyWW
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More About this Listing: S Mountain View Ave, Los Angeles, Plot For Sale
S Mountain View Ave, Los Angeles, Plot For Sale is a One Bedroom One Bath Real Estate and Homes for Sale at 142 S Mountain View Ave in Los Angeles CA. Find other listings like S Mountain View Ave, Los Angeles, Plot For Sale and listings near 142 S Mountain View Ave by searching Oodle Classifieds for One Bedroom One Bath Real Estate and Homes for Sale in Los Angeles CA.
S Mountain View Ave, Los Angeles, Plot For Sale is a One Bedroom One Bath Real Estate and Homes for Sale at 142 S Mountain View Ave in Los Angeles CA. Find other listings like S Mountain View Ave, Los Angeles, Plot For Sale and listings near 142 S Mountain View Ave by searching Oodle Classifieds for One Bedroom One Bath Real Estate and Homes for Sale in Los Angeles CA.