Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030 Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit Potential A real estate assemblage well poised for multifamily housing development. The following are in proper alignment to create a compelling affordable housing development opportunity: One Seller. A cohesive Selling entity has proven valuable in structuring acquisitions of this nature. Never underestimate the value of transacting with one Seller. Zoning. R4-1. No funky [Q]'s and no specific plan will allow for project planning under probably one of the City of Los Angeles' most attractive multifamily zoning designations. Site Orientation. Corner site with alley will allow for optimality of design efficiencies for project access, configuration, etc. Deal Size. Projects in the 50-100-unit range optimizes financing considerations for affordable housing development. State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.
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.
