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For SaleLuxury

$2,495,000

14,000 sqft$178/sqft35 days on market

3323 Darwin Avenue

Los Angeles, CA 90031

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

14,000

Square feet

—

Built

Listing narrative

Description

RTI- 70-unit affordable housing development opportunity in Lincoln Heights. This 14,000 SF development site offers an exceptionally well-positioned opportunity for a developer to move forward with an approved residential project. Approved plans call for a five-story, Type III-A residential building with 70 one-bedroom affordable housing units, approximately 41,997 SF of building area, approximately 3,704 SF of open space, and no parking required under the approved project. The site is strategically located near transit, employment centers, Downtown Los Angeles, and neighborhood amenities. The existing approved development program is designed to maximize housing production on an urban infill site. In addition to the approved affordable housing plan, an alternative development concept may provide for approximately 22 market-rate units, subject to buyer verification, applicable zoning, approvals, and any required modifications. Buyer to independently verify all plans, approvals, entitlements, development potential, zoning, and permit status with the appropriate governmental agencies.

Listing agent (MLS): Pendar Moghaddam · Listing brokerage (MLS): Nest Seekers

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,495,000

Beds

Beds n/a

Type

Land

Home Size

14,000 sqft

Baths

Baths n/a

Lot Size

0.32 acres

Year

Year n/a

Status

For Sale

Days on Market

35

$ / Sqft

$178

· 8% down, 7% APR, 30yr fixed
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Courtesy of Nest Seekers