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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$999,999

Est. payment - /mo

0.31 Acres Lot

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB26121326

HOA Y/N No

Year Built 1952

Lot Size 0.310 Acres

Property Sub-Type Mixed Use

Property Description

MISSION LOFTS – 22-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY. Rare opportunity to acquire a three-parcel assemblage totaling approximately 13,510 SF in Northeast Los Angeles. The property includes plans for a proposed 22-unit multifamily apartment development featuring contemporary architecture, three stories over subterranean parking, and approximately 31,458 SF of proposed building area. The project is a Density Bonus development with plans reportedly approximately 70% complete. Survey, geotechnical work, architectural plans, site plans, floor plans, elevations, and development studies have been completed. Proposed unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom units with 29 subterranean parking spaces. Strategically located near Los Angeles General Medical Center, USC Health Sciences Campus, Cal State LA, Downtown Los Angeles, major employment centers, public transportation, and regional freeways. The surrounding Northeast Los Angeles corridor continues to benefit from public and private investment, new residential development, healthcare expansion, and urban infill growth. Ideal opportunity for developers, builders, and investors seeking a substantially advanced multifamily development project in a supply-constrained Los Angeles submarket. Buyer to independently verify all information, zoning, development potential, approvals, plans, reports, permits, and entitlements.

Location

State CA

County Los Angeles

Area 621 - El Sereno

Zoning [Q]C2-1

Interior

Fireplace No

Laundry None

Building

Lot Description Corner Lot, Near Public Transit, Rectangular Lot, Value In Land

Story 1

Water Public

Others

Tax ID 5209035005

Special Listing Condition Standard

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Listed by HAGOP YAPOUJIAN HYNET REALTY HAGOPRHR@EARTHLINK.NET, DRE #01005112

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

4117 N Mission RD Los Angeles, CA 90032

Jessica Panzica

Key Details

Location

Interior

Building

Others

Nearby School & Business

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