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824 W 164th Street

Los Angeles (City), CA 90247
  • $2,900,000
  • STATUS: Active
  • ON SITE: 198 days
  • ID#: SR21007164
UPDATED: 33 min ago
$2,900,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit PotentialA 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 50100-unit range optimizes financing considerations for affordable housing development.State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-30T10:25:56.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/113214852
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824 W 164th Street Los Angeles (City), CA 90247

  • Price: $2,900,000
  • Status: Active
  • Updated: 33 min ago
  • ID#: SR21007164
0
Beds
0
Baths
0
½ Baths
0.46
Acres
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit PotentialA 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 50100-unit range optimizes financing considerations for affordable housing development.State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.
Exterior Features

Lot Features 26-30 Units/Acre36-40 Units/Acre31-35 Units/AcreCorner LotLevelRectangular LotTear Down View City LightsMountain(S)Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar4

Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-30T10:25:56.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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