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Listed by Tatevik Damadyan • JohnHart Real Estate
$ 5,495,000
Est. payment | /mo
4,510 SqFt
$ 5,495,000
Est. payment | /mo
4,510 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,510 sqft
Price per Sqft $1,218
MLS Listing ID CRBB25080113
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.379 Acres
Property Sub-Type Mixed Use
Property Description
Unlock the potential of this prime commercial offering with RTI permits for an 82 unit affordable housing project. Situated on a 16542.70 square foot lot, the approved plans include 20 studio units and 62 one bedroom units, each ranging from 430 to 600 square feet. This layout is designed to maximize both functionality and affordability. The project also includes 23 parking spaces, providing convenience and added value for future residents. With all permits ready to go and a fully entitled design, this is a shovel ready opportunity for immediate development. An exceptional investment opportunity for developers, nonprofits, or housing authorities looking to bring a meaningful, income-generating project to market.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397