Homes for sale - 10715 S Western AVE, Los Angeles, CA 90047

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Mella Hajian

hello@moving2la.com +1(310) 722-3666

$3,392,000

Est. payment - /mo

0.34 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25158242

HOA Y/N No

Lot Size 0.336 Acres

Property Description

An RTI Project consisting of a 106 Unit Residential Development Project located in the City of Los Angeles on the corner of Western Ave and 108th St. The project is for the demolition of an existing commercial building and the constructions of a new (5) Five-Story, 61'5” tall, 100% residential development. This project includes 83 units for Low Income, 22 units for Moderate Income and 1 market rate manager's unit. The gross area of the building is 57,690 SF. As a 100% affordable housing project, no residential parking is required. The property is near several Metro Bus stops and provides 78 long term bicycle parking stalls for its residents. This project met all ED1 eligibility criteria and has received Bonus Incentives such as additional 3 stories taller, No parking requirement, Floor Area Ratio (FAR) of 3.30:1, Reduced open space requirements, and reduced setbacks for the building. The Metro Train station is located along the 105 Fwy & Crenshaw and 105 & Vermont/Athen Stations. The property is also located a short distance to LA Southwest College and various public and charter schools. With some projects taking over 1 yr to get approved, this project is ready with approved plans that has maximized the Cost/Unit for a Developer and that can start construction immediately. For More information please call to get the detailed marketing flyer.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Fireplace No

Exterior

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available See Remarks

View Y/N No

View None

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6058024009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Carlos Skubacz RE/MAX 2000 714-290-0936

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 722-3666

hello@moving2la.com

4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA

10715 S Western AVE Los Angeles, CA 90047