10
See all 10 photos
$3,392,000
Est. payment /mo
0.34 Acres Lot
New
10715 S Western AVE Los Angeles, CA 90047
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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
Listed by Carlos Skubacz RE/MAX 2000 714-290-0936