1420 S Point View St - RTI Site for 28 Units | Pico-Robertson
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1420 S Point View St - RTI Site for 28 Units | Pico-Robertson
0.21 Acres of Residential Land Offered at $3,500,000 in Los Angeles, CA 90035
Investment Highlights
- RTI Plans | Demo Complete
- 23 Units + 5 ADUs (3 ELI Units)
- 22 Total Parking Spaces
- Build 28 Apartment Units
- One Level Subterranean Parking
- Type III-A & I-A Construction
Executive Summary
The LAAA Team at Marcus & Millichap is thrilled to present a prime development opportunity at 1420 S Point View St, Los Angeles, CA.
This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date.
The approved plans outline the development of 28 apartment units, totaling 30,115 square feet of gross building area. The proposed design includes 3 studio/one-bath units, 6 one-bedroom/one-bath units, and 19 two-bedroom/two-bath units, with three apartments designated for extremely low-income tenants.
1420 S Point View St is located in Pico-Robertson neighborhood of Los Angeles, which has an average household income of nearly $117,000 within a one-mile radius, highlighting its appeal to high-earning renters.
This location is surrounded by a diverse range of restaurants, nightlife, and shopping options. It is just a short drive from attractions such as LACMA, The Grove, and The Farmers Market. The area is rated as "Very Walkable" by Walk Score, and easy access to the 10 Freeway makes commuting around Los Angeles convenient.
This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date.
The approved plans outline the development of 28 apartment units, totaling 30,115 square feet of gross building area. The proposed design includes 3 studio/one-bath units, 6 one-bedroom/one-bath units, and 19 two-bedroom/two-bath units, with three apartments designated for extremely low-income tenants.
1420 S Point View St is located in Pico-Robertson neighborhood of Los Angeles, which has an average household income of nearly $117,000 within a one-mile radius, highlighting its appeal to high-earning renters.
This location is surrounded by a diverse range of restaurants, nightlife, and shopping options. It is just a short drive from attractions such as LACMA, The Grove, and The Farmers Market. The area is rated as "Very Walkable" by Walk Score, and easy access to the 10 Freeway makes commuting around Los Angeles convenient.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Price | $3,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.21 AC |
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 0.21 AC |
| Price Per AC | $16,307,589 |
| Price | $3,500,000 |
| Price Per AC | $16,307,589 |
| Lot Size | 0.21 AC |
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Walk Score ®
Very Walkable (88)
zoning
| Zoning Code | (Q)R3-1-O/C4-1-0 |
| (Q)R3-1-O/C4-1-0 |
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Filip Niculete -
Glen Scher -
Marcus & Millichap
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1420 S Point View St - RTI Site for 28 Units | Pico-Robertson
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