This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
20460 Sherman Way
Winnetka, CA 91306
Land For Sale
·
0.39 AC
INVESTMENT HIGHLIGHTS
- Nothing To Tear Down
- Shoring Is In For The Subterannean Parking
- Completed Architectural Plans
- Subterranean Parking Has Been Dug
- Several Laterals Have Been Stubbed Out For The Plumbing And The Sewer
- Please contact us for an OM
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 0.39 AC |
| Zoning | LAP | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.39 AC |
| Zoning | LAP |
DESCRIPTION
Located on the corner of Mason Avenue and Sherman Way in Winnetka California, this 59 unit development project offers investors a large reduction in construction costs. The shoring is in for the subterranean parking (12 foot). There is nothing to tear down, and several laterals are stubbed out for the plumbing and the sewer. The completed architectural plans are based on using the TOC-Tier 1 density bonus which includes five affordable housing units. The site is located next to LA Metro bus stops and is an 18 minute walk to a dedicated Bus Rapid Transit line (BRT) on Victory Boulevard and Mason Avenue. The project includes 59 units, with 38 (1+1) and 21 (2+2), as well as amenities such as a leasing office, gym, recreation room, sun deck area with a spa/jacuzzi, community garden, barbecue, some picnic tables, lounge chairs, and a badminton court. The zoning is [Q]C4-1VL-RIO with a strip to the east that is P-1VL-RIO in a TOC Tier 1. ***Please contact us for an OM***
PROPERTY TAXES
| Parcel Number | 2136-002-024 | Improvements Assessment | $0 |
| Land Assessment | $1,838,791 | Total Assessment | $1,838,791 |
PROPERTY TAXES
