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 fully entitled ED1-vested 22 unit 100% Affordable Housing Project in a gentrifying Low-Density neighborhood.Designed with low cost efficiencies in mind, this 3-story partially stacked on-grade design featuring 22 x 1BR+1BA units (for a total of around 12,780 SF of rentable space), along with a large office space and bike storage.Zero parking spaces will allow a developer to avoid the high cost of on grade or subterranean parking in this Very Walkable neighborhood with Excellent Transit (according to Walk Score of 89 "Very Walkable").The future potential income from this project will benefit from access to HCD Schedule 6 (20% of total units) and TCAC Schedule 9 (80% of the total units), which are currently standard in Los Angeles for 100% Affordable Projects. Additionally, the location of this property may attract Section 8 voucher tenants increasing the potential income by around 20% for each unit.Westlake is one of the more centrally located parts of LA within close proximity to Echo Park, Silverlake, Downtown LA, Larchmont Village, and many more prominent locations.
Last checked:
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Last updated Nov 1, 2024
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MLS# 24406801 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:Beverly Blvd and Alvarado St
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Latitude:34.06516600
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Longitude:-118.27017900
The Property
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Property Type:Land
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Zoning:R3-1
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Topography:Flat
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Lot Size Area:6245.0000
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Lot Size Dimensions:50x125
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Lot Size Acres:0.1434
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Lot Size SqFt:6245.00
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View:1
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5154004016
The Community
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Senior Community:No
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Association:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/27/24
Jun 27, 2024
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Listed / Active | CRMLS_CA | $1,295,000 | 97.7% (74.4% / YR) |
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3/6/23
Mar 6, 2023
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CRMLS_CA | $655,000 | 31.3% | |
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11/10/22
Nov 10, 2022
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CRMLS_CA | $499,000 |
