1206 W Florence Avenue

    Los Angeles (City), CA 90044
    • $4,500,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: SB19010539
    UPDATED: 54 min ago
    $4,500,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Offering a unique opportunity to purchase a new custom build-to-suit multifamily or mixed-use housing development at 1204-1210 W. Florence Avenue, LA 90044, which will be constructed to meet the buyer's specific use. Fantastic redevelopment opportunity on a large 9,593 sq. ft. double lot zoned commercial C2/R4 in a TOC Tier 2 area for added density bonuses. Choose from the the following approved uses: Market Rate Apartments; Recuperative Care; Permanent Supportive Housing, or Transit Oriented Community (TOC) or student housing. New construction will be completed using Modular Construction. Project completion projected for 12-15 months total. Pricing starting at $4.5M fully constructed & as low as $93,750/unit. Buyer has the option to customize any of the following designs: 1. Recuperative Care Facility: Design plan to build 48 private rooms. 20,000 total sq. ft. in one new 4-story building with 9 parking spaces required 2. Permanent Supportive Housing: Build up to 48 new Studio units utilizing PSH bonus standards. 48 studio apartments with private kitchens & baths. 20,000 total SF in two new 4-story buildings with zero parking required. 3. Transit Oriented Community (TOC Tier 2): Build 36 new Studio units with private kitchens & baths. 15,000 total SF in two new 3-story buildings with no parking required 4. Market Rate Apartments: Build 24 new multifamily units. 10,000 total rentable sq. ft. with 9 parking spaces required. Call or email us today for more details!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. 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.hellerthehomeseller.com/homes/90860127

    1206 W Florence Avenue Los Angeles (City), CA 90044

    • Price: $4,500,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SB19010539
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1930
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Offering a unique opportunity to purchase a new custom build-to-suit multifamily or mixed-use housing development at 1204-1210 W. Florence Avenue, LA 90044, which will be constructed to meet the buyer's specific use. Fantastic redevelopment opportunity on a large 9,593 sq. ft. double lot zoned commercial C2/R4 in a TOC Tier 2 area for added density bonuses. Choose from the the following approved uses: Market Rate Apartments; Recuperative Care; Permanent Supportive Housing, or Transit Oriented Community (TOC) or student housing. New construction will be completed using Modular Construction. Project completion projected for 12-15 months total. Pricing starting at $4.5M fully constructed & as low as $93,750/unit. Buyer has the option to customize any of the following designs: 1. Recuperative Care Facility: Design plan to build 48 private rooms. 20,000 total sq. ft. in one new 4-story building with 9 parking spaces required 2. Permanent Supportive Housing: Build up to 48 new Studio units utilizing PSH bonus standards. 48 studio apartments with private kitchens & baths. 20,000 total SF in two new 4-story buildings with zero parking required. 3. Transit Oriented Community (TOC Tier 2): Build 36 new Studio units with private kitchens & baths. 15,000 total SF in two new 3-story buildings with no parking required 4. Market Rate Apartments: Build 24 new multifamily units. 10,000 total rentable sq. ft. with 9 parking spaces required. Call or email us today for more details!
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None

    Property Features

    Additional Parcels Description 6019010012 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Laundry YN No Net Operating Income 0.00 New Construction YN Yes New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Matthew Dunfrund of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. 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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