4318 S Kansas Avenue

    Los Angeles (City), CA 90037
    • $3,099,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 18405244
    New On Site 5 Days Ago
    UPDATED: 70 min ago
    $3,099,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Amazing opportunity to acquire an 18,000 square foot development site with permits already issued to build 22 market rate units, with a unit mix of all two-bedroom/two-bathroom units. The project calls for a total of 44 parking spaces on the ground floor thereby allowing significant construction cost savings for the builder by avoiding going subterranean. Alternatively, one can draw up their own plans to build up to 40 units (5 low-income) utilizing the new Transit Oriented Communities (TOC) guidelines given the property's tier 3 classification which allows for a 70% density bonus, only 0.5 parking spaces per unit (only 20 required parking spaces if one wants to build 40 units), and other incentives. At an asking price of only $172 per square foot of land, this is a phenomenal opportunity for a developer/builder.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T22:32:37.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/89233951

    4318 S Kansas Avenue Los Angeles (City), CA 90037

    • Price: $3,099,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: 18405244
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Amazing opportunity to acquire an 18,000 square foot development site with permits already issued to build 22 market rate units, with a unit mix of all two-bedroom/two-bathroom units. The project calls for a total of 44 parking spaces on the ground floor thereby allowing significant construction cost savings for the builder by avoiding going subterranean. Alternatively, one can draw up their own plans to build up to 40 units (5 low-income) utilizing the new Transit Oriented Communities (TOC) guidelines given the property's tier 3 classification which allows for a 70% density bonus, only 0.5 parking spaces per unit (only 20 required parking spaces if one wants to build 40 units), and other incentives. At an asking price of only $172 per square foot of land, this is a phenomenal opportunity for a developer/builder.
    Exterior Features

    Lot Size Dimensions 130X150 Lot Size Units Square Feet View See Remarks View YN Yes

    Property Features

    Association Fee 0.00 Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Ardy Ishal of Brc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T22:32:37.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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