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2900 W Vernon Ave
Los Angeles, CA 90008
2900 W Vernon Avenue, Los Angeles · Office Property For Sale
PROPERTY FACTS
ABOUT 2900 W VERNON AVE , LOS ANGELES, CA 90008
2900 W Vernon is ideally located just half a mile from the transit stop for the upcoming Crenshaw/LAX Transit project at the intersection of Leimert Park/Crenshaw Boulevard. This property is also located in a designated Opportunity Zone Property Information: Lot Size: 7,005.2 square feet TOC Tier 3 Verification Completed Zoning: C2-1VL-CPIO Height: 45ft. CPIO Provisions Density: R3 or 1 unit per 800 square feet of lot area Eligible for 70% density increase through TOC Tier 3 incentives 17 units allowed per TOC Tier 3 increase 7,005.2 sf+ 580 sf (alley calc) = 7.585.2 / 800 sf = 9.48 (round up per TOC)= 10 X 1.7 (70% Tier 3 Increase) = 17 total units 2 units or 10% allocated towards Extremely Low Income FAR: 1.5:1 Allowable increase by 45% through TOC • Tenant: Daycare o Lease Amount: $2,000 NNN o Term: Month-to-Month • Approval Process o Projects located within a CPIO require City Planning Approval See attached documents for more CPIO information.
PROPERTY TAXES
| Parcel Number | 5014-012-007 | Improvements Assessment | $445,707 |
| Land Assessment | $1,039,983 | Total Assessment | $1,485,690 |
PROPERTY TAXES
