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    2424 Michigan Ave

    Los Angeles, CA 90033
    • $1,525,000
    • STATUS: Active
    • ON SITE: 156 days
    • MLS #: 20-660114
    UPDATED: 55 min ago
    $1,525,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Projected Developer Profit: ~$2,469,000!!! Amazing opportunity to acquire this affordable housing, development-ready site in East Los Angeles. The site is RTI to build 17 units designed as a 100% affordable housing project, and as such, takes advantage of density bonus incentives offered through the Transit Oriented Communities program in The City of Los Angeles. The building is designed to be economically and readily built, engineered for efficiency. In addition, ZERO parking is required, thereby providing tremendous savings on the cost of construction. This 3-story multifamily development project proposes to provide 17 units with a unit mix of all one-bedroom, one-bathroom units each with it's own private balcony or patio. The project also includes a bicycle room and on-site laundry. Currently, the property is a vacant lot so there are no relocation or demolition costs for the Buyer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-22T12:43:03.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/111918069
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    2424 Michigan Ave Los Angeles, CA 90033

    • Price: $1,525,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 20-660114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    Projected Developer Profit: ~$2,469,000!!! Amazing opportunity to acquire this affordable housing, development-ready site in East Los Angeles. The site is RTI to build 17 units designed as a 100% affordable housing project, and as such, takes advantage of density bonus incentives offered through the Transit Oriented Communities program in The City of Los Angeles. The building is designed to be economically and readily built, engineered for efficiency. In addition, ZERO parking is required, thereby providing tremendous savings on the cost of construction. This 3-story multifamily development project proposes to provide 17 units with a unit mix of all one-bedroom, one-bathroom units each with it's own private balcony or patio. The project also includes a bicycle room and on-site laundry. Currently, the property is a vacant lot so there are no relocation or demolition costs for the Buyer.
    Exterior Features

    Lot Size Area 6704 View Description Any View YN Yes

    Property Features

    Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Other Zoning Lar3

    Listing provided courtesy of Ardy Ishal DRE#01769601 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-22T12:43:03.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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