Listing by: Adam Peterson, CB Richard Ellis, Inc.
0 Beds
n/a Full bath
n/a SqFt
Active Under Contract
Ultra Efficient RTI Development Site in City West. The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is permit-ready and will be delivered with all reports, plans and approvals to the selected Buyer. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. The project has been subjected to rigorous underwriting and is conceptualized with an intimate understanding of the market by seasoned local experts. Construction is 7-story type III-A with at- and above-grade parking and approximately 36,000sf of rentable area. A unit mix skewed towards studios and 1-bedrooms meets local demand head-on catering to young professionals and small families looking to live as close to Downtown Los Angeles as possible.
Property Details | ||
---|---|---|
Price | $3,995,000 | |
Lot Size | 120x107 | |
Lot Size Area | 12889 | |
Lot Size Area Units | Square Feet | |
Acres | 0.2959 | |
Property Type | Land | |
View | City Lights | |
Geographic Data | ||
Directions | North side of 8th St. between Union and Valencia | |
County | Los Angeles | |
Latitude | 34.051987 | |
Longitude | -118.271156 | |
Market Area | C42 - Downtown L.A. | |
Address Information | ||
Address | 1517 W 8th Street, Los Angeles, CA 90017 | |
Postal Code | 90017 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | CB Richard Ellis, Inc. | |
Listing Agent | Adam Peterson | |
Buyer Agency Compensation | 2.000 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 41 | |
MLS Status | Active Under Contract | |
Listing Date | Mar 28, 2024 | |
Listing Last Modified | May 8, 2024 | |
Tax ID | 5142023015 | |
MLS Area | C42 - Downtown L.A. | |
MLS # | 24373943 |
This information is believed to be accurate, but without any warranty.