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$3,100,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
09/17/2024 07:01 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-437687
Lot Size 0.266 Acres
Acres 0.6605
Property Description
PCS Group is pleased to exclusively present for sale an RTI 47-unit Type V-A 4 story apartment building dedicated entirely to affordable housing, replacing an existing one- story commercial structure of 3,696 square feet with a total area of 28,773 square feet. The architectural design features stacked, offset masses that not only enhance the building's visual appeal but also create recessed spaces for landscaped areas. This dynamic yet balanced faade aligns with modern architectural trends, offering both functionality and aesthetic appeal. The building will include 8 units for very low-income residents (as per Schedule VI), 38 units for low-income residents (as per Schedule I), and 1 unit reserved for the building manager, with no on-site parking provided to promote an environmentally friendly project, and aligns with the city goals. A roof deck will offer common open space, enhancing the living experience for residents. The project is fully privately funded, with no reliance on tax credits or public housing programs, and by setting aside 100% of the units for affordable housing, it qualifies for the TOC (Transit Oriented Communities) Tier 4 affordable housing program, contributing to the availability of low-cost housing options in the area.
Location
State CA
County Los Angeles
Area Los Angeles Southwest
Zoning LAC2
Exterior
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Special Listing Condition Standard
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Listed by KW Advisors
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