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930 S Mansfield Ave - 19 units - fully entitled

0.19 Acres of Commercial Land Offered at $2,799,000 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
  • FANTASTIC LOCATION - Minutes away from LACMA, Peterson Automotive Museum, El Rey Theater
  • RESIDENTIAL FEEL - Quiet residential feel while being minutes away from the action
  • TOC ZONE - Located in a Tier 3 Transit Oriented Community (TOC) Zone
  • PLANS WITH GREAT UNIT MIX - 19 units, all 2 Bed / 2 Bath, average square footage of 766

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 zoned R3 and is located in a TOC Tier 3 area. This allows for up to 19 units with an average square footage of 766. Each unit is 2 bedrooms and 2 bathrooms. 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 yards 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), Peterson 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 $2,799,000
Sale Type Investment
Sale Conditions Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 0.19 AC

1 Lot Available

Lot

Price $2,799,000
Price Per AC $14,732,277
Lot Size 0.19 AC
Walk Score ®
Very Walkable (86)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5084-006-006
Land Assessment
$2,509,917
Improvements Assessment
$0
Total Assessment
$2,509,917

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 33625959

  • Date on Market: 10/24/2024

  • Last Updated:

  • Address: 930 S Mansfield Ave, Los Angeles, CA 90036

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