Residential Land for Sale in Los Angeles, California
142 S Mountain View Ave Los Angeles, CA 90057
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
- County
- Los Angeles County
- Zoning
- R3-1
- Elevation
- 377 feet
- MLS Number
- CLAW 24-406801
- Date Posted
Parcels
- 5154-004-016
Detailed attributes
Listing
- Type
- Land
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Nov 2, 2024 | Relisted | $1,295,000 | — | CLAW |
Nov 2, 2024 | Listing removed | $1,295,000 | — | — |
Sept 26, 2024 | Relisted | $1,295,000 | — | CLAW |
Aug 30, 2024 | Listing removed | $1,295,000 | — | — |
June 28, 2024 | New listing | $1,295,000 | — | CLAW |