930 S Mansfield Ave - 19 units - Approved RTI Plans
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930 S Mansfield Ave - 19 units - Approved RTI Plans
0.19 Acres of Commercial 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
- FANTASTIC RESIDENTIAL 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
- DATA ROOM - OM and plans can be found in the data room
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.
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 | $2,800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Property Type | Land |
| Price | $2,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.19 AC |
1 Lot Available
Lot
| Price | $2,800,000 | Lot Size | 0.19 AC |
| Price Per AC | $14,737,540 |
| Price | $2,800,000 |
| Price Per AC | $14,737,540 |
| 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 |
PROPERTY TAXES
Parcel Number
5084-006-006
Land Assessment
$2,509,917
Improvements Assessment
$0
Total Assessment
$2,509,917
zoning
| Zoning Code | LAR3 (This project is zoned R3 and is located in a TOC Tier 3 area) |
| LAR3 (This project is zoned R3 and is located in a TOC Tier 3 area) |
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930 S Mansfield Ave - 19 units - Approved RTI Plans
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