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1500 Hi Point St
Los Angeles, CA 90035
Land For Sale
·
0.61 AC
Investment Highlights
- “Ready-to-Issue” 58-unit Development Site
- Unit Mix Caters Well to Work from Home and Family Oriented Residents
- New Construction Multifamily Becoming #1 Choice for Multifamily Investors
- Accelerating Rent Growth in Post Covid Los Angeles
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.61 AC |
| Zoning | [Q]R3-1-O | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.61 AC |
| Zoning | [Q]R3-1-O |
Description
58 Units averaging 1,100 SF (approx) with only one level of below grade parking and one level on grade. 1500 Hi Point avoids the extra cost burden associated with two levels of below grade parking while also elevating the building an extra story which provide first residential story units desirable views. 102 parking space and 73 bike racks. Commont area amenities include two rec rooms, fitness center, leasing office, bike repair room, and storage. Great for ADU conversion.
Property Taxes
| Parcel Number | 5068-018-066 | Improvements Assessment | $12,470,000 |
| Land Assessment | $9,415,620 | Total Assessment | $21,885,620 |
Property Taxes
Parcel Number
5068-018-066
Land Assessment
$9,415,620
Improvements Assessment
$12,470,000
Total Assessment
$21,885,620
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