Residential Land for Sale in Los Angeles, California

142 S Mountain View Ave Los Angeles, CA 90057

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$1,295,000
0.14 acres
Active sale agoEst $9,282/mo

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.

Directions

Beverly Blvd and Alvarado St

Property details

Coordinates
34.0652, -118.2702
Zoning
R3-1
Elevation
377 feet
MLS Number
CLAW 24-406801
Date Posted

Parcels

  • 5154-004-016

This 0.14-acre property is located at 142 S Mountain View Ave in Los Angeles, CA 90057 with latitude 34.0652 and longitude -118.2702. The property is currently available for sale for $1,295,000 with a price per acre of $9,055,944. Listing data is sourced from Combined LA Westside Multiple Listing Service # 24-406801.

Verify sale details at the property source or contact Keller Williams Beverly Hills at (310) 432-6400.

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Updated . Checked 2 hours ago. Parcel data by Regrid.

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