242 Rosemont Ave | Los Angeles, CA 90026
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- LoopNet Team
242 Rosemont Ave
Los Angeles, CA 90026
Land For Sale
·
0.11 AC
Investment Highlights
- Already approved as an ED 1 Eligible site for ±32 units and 7 ADUs (39 total units).
- No onsite parking necessary which should lower construction costs dramatically.
- Consistent shortage of affordable housing across Los Angeles will keep demand for this product type high.
- Located in the rapidly gentrifying Historic Filipinotown area in the famed Echo Park neighborhood.
- Mid-rise construction product should be cheaper to build than a high-rise.
- In-place income should off set any short to mid-term carrying costs.
Property Facts
| Property Type | Land | Total Lot Size | 0.11 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | R4-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.11 AC |
| No. Stories | 2 |
| Zoning | R4-1 |
Property Taxes
| Parcel Number | 5157-018-009 | Improvements Assessment | $343,996 |
| Land Assessment | $865,945 | Total Assessment | $1,209,941 |
Property Taxes
Parcel Number
5157-018-009
Land Assessment
$865,945
Improvements Assessment
$343,996
Total Assessment
$1,209,941
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