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11031 Aqua Vista St
Studio City, CA 91602
11031-11035 Aqua Vista St · Land For Sale
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0.30 AC
Investment Highlights
- The Neema Group is pleased to present an affordable housing development opportunity at 11031-11035 Aqua Vista St
- Plans call for a highly efficient five-story mid-rise building, utilizing Type IIIA construction to optimize cost-effectiveness
- The site can be delivered RTI, allowing a developer to break ground immediately without entitlement risk
- The 13,236 SF double lot can be delivered fully entitled for 89 income-restricted housing units and qualifies for Tier 7 Section 8 rents
- The completed project will span ~45,000 SF, featuring a well-balanced unit mix of nine Singles, 75 one-bedrooms, and five two-bedrooms
- Location minutes from Studio City and Universal Studios offers immediate access to major employment centers, transit, and lifestyle amenities
Property Facts
| Property Type | Land | Total Lot Size | 0.30 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | R3-1-RIO | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.30 AC |
| No. Stories | 1 |
| Zoning | R3-1-RIO |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,856,000 | Total Assessment | $2,856,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,856,000
Improvements Assessment
$0
Total Assessment
$2,856,000
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