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649-701 W Vernon Ave - 40 Unit RTI - Existing Autobody & Spray Booth

0.22 Acres of Commercial Land Offered at $3,000,000 in Los Angeles, CA 90037

Commercial Land California Los Angeles 649-701 W Vernon Ave, Los Angeles, CA 90037

Investment Highlights

  • Existing structure will be delivered vacant at close of escrow.
  • Includes Type V-A Units with 6 units set aside for low income per schedule VI, 33 units set aside for low income Schedule I, and 1 managers unit.
  • Many nearby public transportation options.
  • Pre-RTI 40 unit 4 story 100% affordable housing project.
  • 100% privately funded with no tax credits.
  • Walking distance to various amenities.

Executive Summary

PCS Group is pleased to exclusively present for sale Pre-RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit.

Attachments

Los Angeles, 701-649 W Vernon Ave - OM

Property Facts

Price $3,000,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 0.22 AC
Property Type Land
Price $3,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.22 AC

1 Lot Available

Lot

Price $3,000,000 Lot Size 0.22 AC
Price Per AC $13,585,603
Price $3,000,000
Price Per AC $13,585,603
Lot Size 0.22 AC

This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing.

Description

701 West Vernon Avenue has a Walk Score of 80 out of 100. This location is Very Walkable so most errands can be accomplished on foot. This location is in the Voices of 90037 neighborhood in Los Angeles. Nearby parks include Fortyeighth Street Park, Wilson Field and W. M. Keck Foundation Amphitheatre.

Links

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649-701 W Vernon Ave, Los Angeles, CA - aerial map view - Image1
649-701 W Vernon Ave, Los Angeles, CA - aerial map view - Image2
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 5019-009-030 Improvements Assessment $0
Land Assessment $1,511,640 Total Assessment $1,511,640

PROPERTY TAXES

Parcel Number
5019-009-030
Land Assessment
$1,511,640
Improvements Assessment
$0
Total Assessment
$1,511,640

zoning

Zoning Code C2-1VL-CPIO (Commercial)
C2-1VL-CPIO (Commercial)
(310) 880-7900

Contact

  • Listing ID: 33138880

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 649-701 W Vernon Ave, Los Angeles, CA 90037

More public record information on 649-701 W Vernon Ave, Los Angeles, CA 90037

The Land Property at 649-701 W Vernon Ave, Los Angeles, CA 90037 is currently available for sale. Contact CREI for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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649-701 W Vernon Ave, Los Angeles, CA for sale Building Photo- Image 1 of 6
701 & 649 W. Vernon Ave- For Sale
649-701 W Vernon Ave, Los Angeles, CA for sale Building Photo- Image 2 of 6
Vernon
649-701 W Vernon Ave, Los Angeles, CA for sale Aerial- Image 3 of 6
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649-701 W Vernon Ave, Los Angeles, CA for sale Aerial- Image 4 of 6
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649-701 W Vernon Ave - 40 Unit RTI - Existing Autobody & Spray Booth
(310) 880-7900 x

649-701 W Vernon Ave - 40 Unit RTI - Existing Autobody & Spray Booth

Karl Niehaus

(310) 880-7900

(310) 880-7900

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