930 S Mansfield Ave - 19 units - fully entitled
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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.
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.
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Property Facts
Price | $2,799,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Commercial |
Sale Conditions | Build to Suit | Proposed Use | Apartment Units |
No. Lots | 1 | Total Lot Size | 0.19 AC |
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 | Lot Size | 0.19 AC |
Price Per AC | $14,732,277 |
Price | $2,799,000 |
Price Per AC | $14,732,277 |
Lot Size | 0.19 AC |
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 |
LAR3 |
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930 S Mansfield Ave - 19 units - fully entitled
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