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$ 1,450,000
Est. payment | /mo
6,587 Sqft Lot
$ 1,450,000
Est. payment | /mo
6,587 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25607381
HOA Y/N No
Lot Size 6,587 Sqft
Acres 0.15
Property Sub-Type Unimproved Land
Property Description
PRICE REDUCED! Only ~$30,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 46-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood's vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal construction complexity. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, offering approximately 19,925 sq. ft. of rentable space. Located less than half a mile from the NOHO Metro Red Line Station, residents will enjoy easy access to public transportation and the abundance of shopping, dining, and entertainment that make the NOHO Arts District one of Los Angeles' most desirable neighborhoods. With a Walk Score of 87 and a Bike Score of 74, the property promises high tenant demand and stable occupancy for years to come. This 100% affordable housing community includes: 2 units reserved for very low-income households ( 50% AMI), 34 units reserved for low-income households ( 80% AMI), 8 units reserved for moderate-income households ( 110% AMI), and 1 market-rate manager's unit. Rents for the very low-and moderate-income units follow HCD Schedule VI, while the low-income units align wit
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2350009047
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Listed by Daniel Shamooelian • Keller Williams Beverly Hills
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