Multifamily development opportunity situated on an approximately 6,750 square foot lot within an Opportunity Zone. The property had a proposed five story, 30 unit residential project totaling approximately 15,450 square feet. The unit mix included studio, one bedroom, two bedroom, and three bedroom residences, with a portion of the units designated as affordable housing including TOC Tier 4 incentives. Located near the Vermont and Santa Monica Metro station and Los Angeles City College, the property offers potential for a future multifamily development.
| MLS # | 26997467 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1919 |
| Days On Site | 35 |
| Listing Provided By | Coldwell Banker Realty | Philip Boroda |
| SQ Feet | 1,550 |
|---|---|
| Story(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.16 |
| Property View | None |
| Furnished | Unfurnished |
|---|
| Parking Features | Driveway |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90029 |
| Area | C20 Hollywood |
| Listing VS Median (in 90029) | |
Price: $1,024,900 low | high Med: $1,249,000 sqft: 1,550 low | high Med: 1,782 $ / sqft: $661 low | high Med: $701 On site: 35 low | high Med: 11 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90029 |
| Area | C20 Hollywood |
| Listing VS Median (in 90029) | |
Price: $1,024,900 low | high Med: $1,249,000 sqft: 1,550 low | high Med: 1,782 $ / sqft: $661 low | high Med: $701 On site: 35 low | high Med: 11 | |