142 S Mountain View Avenue
Los Angeles, CA 90057
- – beds
- – baths
- 6,245 sqft
- 6,245 sqft lot
- $207 per sqft
- – 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
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Last updated Dec 15, 2024
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MLS# CL24406801 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:6245
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Living Area Units:Square Feet
Location
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Directions:Beverly Blvd and Alvarado St
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:5154004016
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Zoning:R3-1
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Lot Size Area:0.14
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Lot Size Acres:0.14
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Lot Size SqFt:6245
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (310) 734-2245
The Listing
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Listing TermsCash
The Community
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Association:false
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
|
Listed / Active | BRIDGE | $1,295,000 | 97.7% (74.4% / YR) |
|
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 |
