West Adams ED1 Development Site — Sale in Los Angeles, CA

  • Price: $3.9M
  • Listing type: For sale
  • Asset type: Business
  • Location: Los Angeles, CA 90018

Description

The offering consists of an entitled 106-unit (85 + 21 ADUs) ED1 project of income-restricted housing on a ±15,359 (±.353 ac) lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3- 1-O, the project was granted six incentives/waivers including no maximum density, increased height, 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 100% 1-bedrooms. Seventeen at-grade parking spaces will be available to tenants along with 72 bicycle spaces and a roof deck lounge.

Market Context

This commercial property in Los Angeles, CA is listed for sale at $3,900,000. It has been on the market for 12 days. Compare it against other commercial property listings for sale in Los Angeles, CA — view the full market.

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