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142 S Mountain View Avenue

Los Angeles, CA 90057

– beds
– baths
– sqft
6,245 sqft lot
– on site

PartnersCRE is proud to present for sale a ready-to-issue (RTI) 22-unit, 100% affordable housing project on a 6,243 SF lot in the desirable Westlake area of Los Angeles. The proposed development features a total of 12,780 SF of gross floor area, with 9,947 SF of net rentable square footage. This 3-story building is constructed with Type V-B materials, ensuring compliance with safety standards while maintaining affordability. Each unit is designed with efficiency in mind, offering a quality living experience in a compact space. The affordable housing breakdown includes 16 low-income units (TCAC Schedule IX), 5 moderate-income units (HCD Schedule VI), and 1 market-rate manager's unit. The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The Westlake location situates this project within walking distance to multiple public transportation routes, connecting residents to Downtown LA and other key areas. The development is ideal for residents who rely on public transit, with a Walk Score of 89, classifying it as "Very Walkable." The project's RTI status streamlines the development process, providing a unique opportunity to deliver affordable housing in a high-demand area. With its efficient layout, affordability, and convenient location, this Westlake development is positioned to become a valuable addition to Los Angeles' housing landscape.

Listed By CRMLS_CA / Jordan Petito / Keller Williams Beverly Hills

Last checked: Checking… • Last updated Nov 13, 2024 •

MLS# 24406801 —

This property is listed in more than one place. See it here.

The Building

New Construction:

No

Location

Directions:

Beverly Blvd and Alvarado St
Latitude:

34.06516600
Longitude:

-118.27017900

The Property

Property Type:

Land
Zoning:

R3-1
Topography:

Flat
Lot Size Area:

6245.0000
Lot Size Dimensions:

50x125
Lot Size Acres:

0.1434
Lot Size SqFt:

6245.00
View:

1
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5154004016

The Community

Senior Community:

No
Association:

No
Assessments:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/27/24 Jun 27, 2024	Listed / Active	CRMLS_CA	$1,295,000	97.7% (74.4% / YR)
3/6/23 Mar 6, 2023		CRMLS_CA	$655,000	31.3%
11/10/22 Nov 10, 2022		CRMLS_CA	$499,000

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This land located in Central LA, Los Angeles, CA 90057 is currently for sale for $1,295,000. 142 S Mountain View Avenue is a – square foot land with – beds and – baths that has been on Estately for 148 days. 142 S Mountain View Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 89, making it very walkable. This land is in the attendance area of Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Miguel Contreras Learning Complex - Business And Tourism, Ramon C Cortines School Of Visual And Performing Arts, Edward R. Roybal Learning Center, Union Avenue Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, and Sal Castro Middle School.

Listing Courtesy of: CRMLS_CA and Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.