Located on South Vermont Avenue in Los Angeles, California, this development site totals ±7,500 square feet and will be delivered 'ready-to-issue' for a 23-unit apartment building. The approved structure calls for (1) on-grade parking structure below (3) residential stories for a total of four above grade stories. Included with the permitted structure are (19) - 1 bed / 1 bath, (3) - Studio / 1 Bath, and (1) - 2 bed / 2 bath units. Through the development process, ownership utilized the TOC density bonus which calls for (2) - low-income units. The remainder units are earmarked for market rate apartments. The site is a great shelter through the Qualified Opportunity Zone program to offset potential capital gains through the proper utilization of the program. Furthermore, the future apartment building site is located on Vermont Avenue, just South of Gage Avenue with easy access to 110 Freeway, SoFi Stadium, Downtown Los Angeles, University of Southern California, Slauson Super Mall, and Banc of California Stadium
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
