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
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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.
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