930 S Mansfield Ave - 19 units - Approved RTI Plans
0.19 Acres of Residential Land Offered at $2,800,000 in Los Angeles, CA 90036
INVESTMENT HIGHLIGHTS
- RTI PLANS IN PLACE - 19-unit fully approved RTI plans for a four-story, 24,122 square foot apartment complex
- DEMO COMPLETED - Ready for Construction
- RESIDENTIAL FEEL - Quiet residential feel while being minutes away from the action
- PLANS WITH GREAT UNIT MIX - all units are 2 Bed / 2 Bath, average square footage of 766
- FANTASTIC LOCATION - Minutes away from LACMA, Petersen Automotive Museum, El Rey Theater
- TOC ZONE - R3-1 zoning located in a Tier 3 Transit Oriented Community (TOC) Zone
EXECUTIVE SUMMARY
19-unit fully approved RTI plans for a four-story, 24,122 square foot apartment complex in one of the most desirable and sought-after communities in Los Angeles. Centrally located in Miracle Mile, a vibrant community full of culture and a wealth of walkable retail offerings. Residents can travel around town through myriad transportation options, such as the Union Station Commuter Rail, Interstate 10, Hollywood Freeway, and State Route 2, located less than 4 miles away. Photo is a rendering of the building.
This project is currently a vacant lot, recently demolished to remove all existing structures and improvements. The lot is zoned R3-1 and is located in a TOC Tier 3 area. This allows for up to 19 units with 2 affordable units. Each unit is 2 bedrooms and 2 bathrooms and have an average square footage of 766. In addition, the proposed multifamily project features parking accommodations on the ground level as well as subterranean, ensuring ample parking for residents and visitors. The roof deck will provide an open space for unwinding while the recreation room will serve as entertainment. Trees, landscaping, and open space will allow time for relaxation.
The complex offers a quiet, residential feel while being minutes away from the Los Angeles County Museum of Art (LACMA), Petersen Automotive Museum, Academy Museum of Motion Pictures, the El Rey Theater, and more. Developments near the project continues with major renovations at LACMA, plans for a 21-story apartment tower, and entitlements for an eight-story mixed-use building.
This project is currently a vacant lot, recently demolished to remove all existing structures and improvements. The lot is zoned R3-1 and is located in a TOC Tier 3 area. This allows for up to 19 units with 2 affordable units. Each unit is 2 bedrooms and 2 bathrooms and have an average square footage of 766. In addition, the proposed multifamily project features parking accommodations on the ground level as well as subterranean, ensuring ample parking for residents and visitors. The roof deck will provide an open space for unwinding while the recreation room will serve as entertainment. Trees, landscaping, and open space will allow time for relaxation.
The complex offers a quiet, residential feel while being minutes away from the Los Angeles County Museum of Art (LACMA), Petersen Automotive Museum, Academy Museum of Motion Pictures, the El Rey Theater, and more. Developments near the project continues with major renovations at LACMA, plans for a 21-story apartment tower, and entitlements for an eight-story mixed-use building.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.19 AC |
1 LOT AVAILABLE
Lot
| Price | $2,800,000 |
| Price Per AC | $14,640,293.22 |
| Lot Size | 0.19 AC |
The subject property is a vacant lot, recently demolished to remove all existing structures and improvements.
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5084-006-006 | Improvements Assessment | $0 |
| Land Assessment | $2,509,917 | Total Assessment | $2,509,917 |
ZONING
| Zoning Code | LAR3 (This project is zoned R3 and is located in a TOC Tier 3 area) |
