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649-701 W Vernon Ave - 40 Unit RTI - Existing Autobody & Spray Booth 0.22 Acres of Commercial Land Offered at $3,000,000 in Los Angeles, CA 90037
Investment Highlights
- Existing structure will be delivered vacant at close of escrow.
- Includes Type V-A Units with 6 units set aside for low income per schedule VI, 33 units set aside for low income Schedule I, and 1 managers unit.
- Many nearby public transportation options.
- Pre-RTI 40 unit 4 story 100% affordable housing project.
- 100% privately funded with no tax credits.
- Walking distance to various amenities.
Executive Summary
PCS Group is pleased to exclusively present for sale Pre-RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit.
Property Facts
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.22 AC |
| Property Type | Land | ||
| Zoning | C2-1VL-CPIO - Commercial | ||
| Price | $3,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.22 AC |
| Zoning | C2-1VL-CPIO - Commercial |
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 0.22 AC |
| Price Per AC | $13,585,602.88 |
| Price | $3,000,000 |
| Price Per AC | $13,585,602.88 |
| Lot Size | 0.22 AC |
This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing.
Description
701 West Vernon Avenue has a Walk Score of 80 out of 100. This location is Very Walkable so most errands can be accomplished on foot. This location is in the Voices of 90037 neighborhood in Los Angeles. Nearby parks include Fortyeighth Street Park, Wilson Field and W. M. Keck Foundation Amphitheatre.
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
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649-701 W Vernon Ave - 40 Unit RTI - Existing Autobody & Spray Booth
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