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$ 3,190,000
Est. payment | /mo
3 Beds
$ 3,190,000
Est. payment | /mo
3 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25118557
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
PRICE REDUCED Exceptional Development Opportunity with RTI Plans Introducing The Alondra Family Living Apartments a prime development site now offered with a $310,000 price reduction and Ready-To-Issue (RTI) permits in hand. Approved and stamped by the City of Los Angeles, this fully entitled project allows for the construction of 36 spacious residential units, each thoughtfully designed as three-bedroom, two-bathroom layouts with in-unit washer and dryer. Situated on a high-visibility 20,363 SF corner lot, this shovel-ready opportunity boasts strong curb appeal and an optimal footprint. The approved plans call for approximately 36,000 square feet of living space across multi-level two- and four-story buildings, with each unit exceeding 1,000 square feeta rare offering in today's market. With the increasing demand for large, family-oriented apartment units in Los Angeles, this project is uniquely positioned to deliver high-value, high-demand inventory. There is no comparable development currently available that combines such generous floor plans, strategic location, and ready-to-build status. Dont miss this opportunity to bring a standout project to market in one of LAs most competitive rental landscapes.
Location
State CA
County Los Angeles
Zoning Assessor
Direction corner of 161st and Figueroa St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Tax ID 6120023033
Listed by Behrouz Lavi Keller Williams Realty-Studio City
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”