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- LoopNet Team
6430 S Vermont Ave
Los Angeles, CA 90044
Land For Sale
·
0.17 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.17 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Multifamily | ||
| Zoning | C2 - Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.17 AC |
| No. Stories | 1 |
| Zoning | C2 - Commercial |
DESCRIPTION
Opportunity to invest in a 24 unit apartment development project ? Existing on the lot are two structures, a vacant church on the north side of the property and a currently occupied single family residence on the south side of the property ? The lot is 7,500 sf of land located on 949 W. 65th St Los Angeles, CA ? The property is zoned C2-1VL and lies within the Transit Oriented Communities (TOC) Tier 3 overlay, allowing an increase of 70% to density on the C2 zone with parking incentives reducing the minimum to a .5 stall per dwelling unit ? The proposed development would be 4 stories tall, given the 45 foot height limit, and allows for sufficient on-grade parking upon application of TOC incentives for 24 onebedroom units (21 market rate units and 3 Extremely Low Affordable Housing Units; 10% Affordable Housing Dedication per TOC Guidelines)
PROPERTY TAXES
| Parcel Number | 6013-013-017 | Improvements Assessment | $0 |
| Land Assessment | $1,305,600 | Total Assessment | $1,305,600 |
PROPERTY TAXES
