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    824 W 164th Street

    Los Angeles, CA 90247
    • $3,500,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: SR21007164
    $3,500,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit PotentialA real estate assemblage well poised for multifamily housing development. The following are in proper alignment to create a compelling affordable housing development opportunity:One Seller. A cohesive Selling entity has proven valuable in structuring acquisitions of this nature. Never underestimate the value of transacting with one Seller.Zoning. R4-1. No funky [Q]s and no specific plan will allow for project planning under probably one of the City of Los Angeles most attractive multifamily zoning designations.Site Orientation. Corner site with alley will allow for optimality of design efficiencies for project access, configuration, etc.Deal Size. Projects in the 50100-unit range optimizes financing considerations for affordable housing development.State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.

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    Based on information from CRISNet MLS as of 2021-01-20T23:56:19. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-20T23:56:19. 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.randyplaice.com/homes/113213938
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    824 W 164th Street Los Angeles, CA 90247

    • Price: $3,500,000
    • Status: Active
    • ID#: SR21007164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit PotentialA real estate assemblage well poised for multifamily housing development. The following are in proper alignment to create a compelling affordable housing development opportunity:One Seller. A cohesive Selling entity has proven valuable in structuring acquisitions of this nature. Never underestimate the value of transacting with one Seller.Zoning. R4-1. No funky [Q]s and no specific plan will allow for project planning under probably one of the City of Los Angeles most attractive multifamily zoning designations.Site Orientation. Corner site with alley will allow for optimality of design efficiencies for project access, configuration, etc.Deal Size. Projects in the 50100-unit range optimizes financing considerations for affordable housing development.State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.
    Exterior Features

    Lot Features 26-30 Units/Acre31-35 Units/Acre36-40 Units/AcreCorner LotLot 10000-19999 SqftLot 20000-39999 SqftLot 6500-9999Rectangular LotLevelTear Down Lot Size Area 19901.0000 View City LightsMountain(S)Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsGuttersSidewalksStorm DrainsStreet LightsUrban Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar4

    Listing provided courtesy of Francis Evanisko, CA DRE# 01383591, of Evanisko Realty & Investment.


    Based on information from CRISNet MLS as of 2021-01-20T23:56:19. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-20T23:56:19. 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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