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2961 W 8th St - RTI Covered Land | Koreatown CA 0.14 Acres of Residential Land Offered at $1,250,000 in Los Angeles, CA 90005
Executive Summary
? 43 one-bedroom units and 1 studio unit
• 33 units designated for Low-Income (LI) households - CTCAC Schedule 9
• 7 units designated for Moderate Income (MI) households - HCD Schedule 6
• 3 units designated for Very Low Income (VLI) households - HCD Schedule 6
• 1 Market Rate Manager’s Unit
? A currently vacant 3,001 square foot house is on this lot
? 100% Affordable - ED1 project
? Automatic fire sprinkler
? Zoning: LAR4-2
? Redevelopment project area: Wilshire Center /Koreatown
? Lot area: 5,989 square feet
? Proposed total building area: 15,909 square feet
? 70’-3” height
? Rooftop: 1,200 square feet
? Bicycle parking: 20 spaces
• 33 units designated for Low-Income (LI) households - CTCAC Schedule 9
• 7 units designated for Moderate Income (MI) households - HCD Schedule 6
• 3 units designated for Very Low Income (VLI) households - HCD Schedule 6
• 1 Market Rate Manager’s Unit
? A currently vacant 3,001 square foot house is on this lot
? 100% Affordable - ED1 project
? Automatic fire sprinkler
? Zoning: LAR4-2
? Redevelopment project area: Wilshire Center /Koreatown
? Lot area: 5,989 square feet
? Proposed total building area: 15,909 square feet
? 70’-3” height
? Rooftop: 1,200 square feet
? Bicycle parking: 20 spaces
Property Facts
| Price | $1,250,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.14 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R4-2-Tier 3 | ||
| Price | $1,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.14 AC |
| Opportunity Zone |
Yes |
| Zoning | R4-2-Tier 3 |
1 Lot Available
Lot
| Price | $1,250,000 | Lot Size | 0.14 AC |
| Price Per AC | $9,057,971.01 |
| Price | $1,250,000 |
| Price Per AC | $9,057,971.01 |
| Lot Size | 0.14 AC |
5,989 square feet lot | LAR4 | Existing 3,001 square feet house
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Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5077-018-002 | Improvements Assessment | $367,200 |
| Land Assessment | $856,800 | Total Assessment | $1,224,000 |
Property Taxes
Parcel Number
5077-018-002
Land Assessment
$856,800
Improvements Assessment
$367,200
Total Assessment
$1,224,000
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2961 W 8th St - RTI Covered Land | Koreatown CA