1517 W 8TH Street

    Los Angeles (City), CA 90017
    • $3,900,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: 18379900
    UPDATED: 56 min ago
    $3,900,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 39,447
      SQFT
    • $99
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    CBRE, Inc., as exclusive advisor, is pleased to present this RTI 34-unit multifamily project in exciting City West, DTLA adjacent. Just reduced 600k ($70k/buildable unit unentitled, $114k/buildable RTI). The offering includes 1517 & 1521 W. 8th Street (parcels 5142-023-003 and 5142-023-004) for a total of 12,889 square feet of LAC2-2D land. The site is available as a "Ready to Issue Permits", 34-unit by-right project. The entitled plan is all market-rate, includes an attractive unit mix of large 1+1 and 2+2 units and is fully-parked. Additionally, the City's Transit Oriented Communities (TOC) Affordable Housing Incentive Program allows for an up to 70% bonus beyond the by-right density at this location. Up to 55 units can be built should a purchaser choose to re-entitle taking advantage of TOC's incentives. Approved plans and reports are available, contact listing team or visit property website.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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.fredsedgroup.com/homes/86938813

    1517 W 8TH Street Los Angeles (City), CA 90017

    • Price: $3,900,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 18379900
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    39,447
    SQFT
    $99
    $/SQFT
    2018
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    CBRE, Inc., as exclusive advisor, is pleased to present this RTI 34-unit multifamily project in exciting City West, DTLA adjacent. Just reduced 600k ($70k/buildable unit unentitled, $114k/buildable RTI). The offering includes 1517 & 1521 W. 8th Street (parcels 5142-023-003 and 5142-023-004) for a total of 12,889 square feet of LAC2-2D land. The site is available as a "Ready to Issue Permits", 34-unit by-right project. The entitled plan is all market-rate, includes an attractive unit mix of large 1+1 and 2+2 units and is fully-parked. Additionally, the City's Transit Oriented Communities (TOC) Affordable Housing Incentive Program allows for an up to 70% bonus beyond the by-right density at this location. Up to 55 units can be built should a purchaser choose to re-entitle taking advantage of TOC's incentives. Approved plans and reports are available, contact listing team or visit property website.
    Exterior Features

    Lot Size Dimensions 120X110 Lot Size Units Square Feet Parking Features Subterranean Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 0.00 Improvements Amount 5100 Land Value 581400 Laundry YN No Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lac2

    Listing provided courtesy of Adam Peterson of Cb Richard Ellis, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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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