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$ 2,290,000
Est. payment | /mo
0.33 Acres Lot
$ 2,290,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25568509
HOA Y/N No
Lot Size 0.329 Acres
Acres 0.33
Property Sub-Type Unimproved Land
Property Description
We are proud to present for sale a Ready-to-Issue 53-Unit, 100% Affordable Housing Development located at 1926 Eastlake Ave in the thriving neighborhood surrounding the USC Keck School of Medicine, just south of Lincoln Heights. Of the 53 units, 41 are restricted for Low-Income tenants, 11 for Moderate-Income tenants, and 1 unrestricted unit for an on-site manager. The rent levels for the project follow Schedule 1-HUD for Low-Income units and Schedule 6-HCD for Moderate-Income units. The project is set on a 14,097 SF lot and will be privately funded, with no tax credits or public funds required and not subject to prevailing wage and is in an Opportunity Zone. The development features a new four-story, Type V-A Construction totaling 26,905 SF of Zoning Floor Area. The design consists entirely of one-bed, one-bath units with an average unit size of approximately 444 SF, plus hallways, elevators, stairs, and shared laundry on each floor. Rentable Square Footage, per the LAHD Table of Rental Units adds up to 23,530 SF. The project, already designated as Ready-to-Issue, is ready for issuance of Permits. Amenities will include a Management Office, Lobby with a Package / Mailbox area, Bike Storage Room, spacious Rooftop Open Spaces, and some units with Balconies. The project provides 4
Location
State CA
County Los Angeles
Zoning RD3-
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5210033030
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Listed by Dario Svidler • Keller Williams Beverly Hills
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447