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 $10,150/mo

PartnersCRE is proud to present for sale a ready-to-issue (RTI) 22-unit, 100% affordable housing project on a 6,243 SF lot in the desirable Westlake area of Los Angeles. The proposed development features a total of 12,780 SF of gross floor area, with 9,947 SF of net rentable square footage. This 3-story building is constructed with Type V-B materials, ensuring compliance with safety standards while maintaining affordability. Each unit is designed with efficiency in mind, offering a quality living experience in a compact space. The affordable housing breakdown includes 16 low-income units (TCAC Schedule IX), 5 moderate-income units (HCD Schedule VI), and 1 market-rate manager's unit. The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The Westlake location situates this project within walking distance to multiple public transportation routes, connecting residents to Downtown LA and other key areas. The development is ideal for residents who rely on public transit, with a Walk Score of 89, classifying it as "Very Walkable." The project's RTI status streamlines the development process, providing a unique opportunity to deliver affordable housing in a high-demand area. With its efficient layout, affordability, and convenient location, this Westlake development is positioned to become a valuable addition to Los Angeles' housing landscape.

Directions

Beverly Blvd and Alvarado St

Location

Street Address
142 S Mountain View Ave
Elevation
377 feet
Coordinates
34.0652, -118.2702

Property details

Zoning
R3-1
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 1 hour ago. Parcel data by Regrid.

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