930 S Mansfield Ave | Los Angeles, CA 90036
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- LoopNet Team
930 S Mansfield Ave
Los Angeles, CA 90036
Approved RTI Plans for a 19-Unit Apartment · Land For Sale
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0.19 AC
INVESTMENT HIGHLIGHTS
- 0.19 acres of suburban, raw land with fully approved RTI plans for a four-story, 24,122-square-foot, 19-unit apartment building in Los Angeles, CA.
- Rare acquisition of development-ready acreage recently demolished to remove all existing structures in a heavily populated, renter-centric community.
- Section 8 Tier 8 Overlay – Enables higher-density affordable housing under LA’s updated incentives and qualifies for max Section 8 rents under Tier 8
- Strategically situated within a Transit Oriented Community near numerous key transportation routes, including LAX, Amtrak, Union Station, and more.
- Ideally encompassed by desirable demographics where over 1.1 million people live within a 5-mile radius make an average household income over $95,000.
PROPERTY FACTS
| Sale Condition | Auction Sale | Property Subtype | Residential |
| Type of Ownership | Fee Simple | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.19 AC |
| Zoning | R3-1 - This project is zoned R3 and is located in a TOC Tier 3 area | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.19 AC |
| Zoning | R3-1 - This project is zoned R3 and is located in a TOC Tier 3 area |
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