We are proud to present for sale a 78-Unit Ready-to-Issue 100% Affordable Project in Cypress Park, near Dodger Stadium and Mount Washington. The property is in an Opportunity Zone. The Project consists of 78 One-Bedroom units and includes around 32,325 SF of rentable square footage. The mostly-stacked 5-story design… Read More will streamline construction, with the Type III design helping to keep costs down. The design includes an elevator, a bicycle room, trash chutes, fire sprinklers and a tenant-accessible roof, which will look over all neighboring properties in this low-rise neighborhood. Around the corner from the Heritage Square Blue (A) Line Metro Station, your future Tenants will have less than a five minute walk to catch a train to Downtown's Union Station, with access to most of the City, or take the train north and stop in Highland Park, Pasadena, or continue east through the San Gabriel Valley! This sought-after area will provide your tenants with anything they need from Supermarkets to restaurants, to Home Depot, coffee shops, nightlife, easy access to two separate bicycle paths (Arroyo Seco and LA River), Dodger Stadium, Metro Lightrail, Highland Park, Frogtown, Chinatown and DTLA, among others. Walk Score calls this area Very Walkable, with Good Transit and Bikeable. The 11,139 SF Lot is zoned RD2-1-CDO, Tier 3 TOC, with currently-allowed Section 8 rents up to $2,289. This property is located about half a mile to the just-finished Studio 34 Apartment Campus A34, which should have an outsized impact on the neighborhood. The current structures have been Ellis'd and will be delivered vacant. Read Less
Property listed by Keller Williams Beverly Hills, Dario Svidler 310-432-6400
Listing Snapshot
Days Online
9
Last Updated
Property Type
Other
Lot Size
0.26 Acres
MLS Number
25583803
30 Days Snapshot Of 90065
$1.27M
+19%
(avg) sold price
21
+50%
homes sold
70
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.2558 acres, 11,142 square feet, Size: 11,142
Property
Zoning: RD2-1-CDO, None
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