Permit-Ready 95-Unit ED1 Development Opportunity — Sale in Los Angeles, CA

  • Price: $3.6M
  • Listing type: For sale
  • Asset type: Business
  • Location: Los Angeles, CA 90026

Description

The offering consists of an entitled 95-unit ED1 project of income-restricted housing on a ±12,011 (±.276ac) double-lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1VL, the project was granted six incentives/waivers including no maximum density. increased FAR, and decreased setbacks/open space as a result of the project’s ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of studios and 1-bedrooms. Twenty at-grade parking spaces will be available to tenants along with 74 bicycle spaces and a roof deck lounge.

Market Context

This commercial property in Los Angeles, CA is listed for sale at $3,575,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in Los Angeles, CA — view the full market.

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