911 W Manchester Ave
Los Angeles, CA 90044
Double Lot Afford Housing Dev Opp Near Sofi! · Land For Sale
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0.37 AC
INVESTMENT HIGHLIGHTS
- 74 Unit Development (100% Affordable Housing) Covered Land Play
- $37,162 Per Buildable Unit Based on 74 Affordable Units
- 10+ Multi-Family/Mixed Use Developments Going Up Nearby
- Tier 3 TOC - 70% Density
- Zoned C2-2D-CPIO
- Located Near SoFi Stadium and New Hollywood Park Development, New Clippers Stadium
PROPERTY FACTS
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.37 AC |
DESCRIPTION
We are pleased to exclusively offer for sale 911 W. Manchester Ave. Los Angeles, CA 90044, a 74-Unit Development (100% Affordable Housing) Covered Land Play Offering. Located near Sofi Stadium, this exciting 16,131 square foot double lot Development Opportunity is Tier 3 TOC , allowing 70% Density. Current tenant is Month-To-Month and the property is Zoned C2-2D-CPIO. Based on zoning, 38 Buildable Units with TOC and +/- 74 Buildable Units with 100% Affordable Housing. Priced at $37,162 Per Buildable Unit for the 100% affordable option, this is an extremely well-priced multi-family development opportunity. The location is extremely popular for new development, as there are more than 10 Multi-Family/Mixed-Use Developments being built close by. Property currently generates $54,726 in Annual Gross Income, which can continue to be collected while a developer seeks permits for redevelopment. This 16,131 SF double lot zoned LAC2 is priced at $170 per foot and will sell quickly!
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,710 | |
| Land Assessment | $113,196 | Total Assessment | $122,906 |
ZONING
| Zoning Code | C2 |
