10
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Listed by Carlos Skubacz • RE/MAX 2000
$3,392,000
Est. payment /mo
0.34 Acres Lot
Active
10715 S Western AVE Los Angeles, CA 90047
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25158242
Lot Size 0.336 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
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 M
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning PRKG,LX
Exterior
Utilities Available Other
View None
Building
Water District - Public
Others
Tax ID 6058024009
Special Listing Condition Not Applicable
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