REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,392,000
Est. payment /mo
New
10715 S Western Los Angeles, CA 90047
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25158242
Property Sub-Type Lots/Land
Property Description
An RTI Project consisting of a 106 Unit Residential Development Project located in the City of Los Angeles on the corner of Western Ave and 108th St. The project is for the demolition of an existing commercial building and the constructions of a new (5) Five-Story, 615 tall, 100% residential development. This project includes 83 units for Low Income, 22 units for Moderate Income and 1 market rate managers unit. The gross area of the building is 57,690 SF. As a 100% affordable housing project, no residential parking is required. The property is near several Metro Bus stops and provides 78 long term bicycle parking stalls for its residents. This project met all ED1 eligibility criteria and has received Bonus Incentives such as additional 3 stories taller, No parking requirement, Floor Area Ratio (FAR) of 3.30:1, Reduced open space requirements, and reduced setbacks for the building. The Metro Train station is located along the 105 Fwy & Crenshaw and 105 & Vermont/Athen Stations. The property is also located a short distance to LA Southwest College and various public and charter schools. With some projects taking over 1 yr to get approved, this project is ready with approved plans that has maximized the Cost/Unit for a Developer and that can start construction immediately. For More information please call to get the detailed marketing flyer.
Location
State CA
County Los Angeles
Direction North of 105 Freeway Corner of 108th St and Western Ave
Interior
Fireplace No
Exterior
Utilities Available Other/Remarks
View Y/N No
Others
Tax ID 6058024009
Listed by Carlos Skubacz RE/MAX 2000
GET MORE INFORMATION