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16162
  • Key Facts
  • Description
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Key Facts

Type Single Family Residence
Levels Residential
Size 8421 sqft
Garage No
Taxes 
Days Active 0
Lot Size 
Approx. Age 1913
Avg. Price Per Sqft $130
MLS® Number 25576867

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

RTI Development Project with SB8 Exemption letter in hand. Ready to Start Construction!! Perfectly designed RTI development opportunity with Ready-To-Issue (RTI) permits, located in the highly coveted USC/Exposition Park neighborhood. This site includes approved RTI plans for a 6-unit apartment building, in one of Los Angeles' most vibrant and rapidly growing areas. The plans feature three townhome-style buildings, two of each are three stories high, along with an additional two-story building at the rear. The layout offers a great mix of unit types: the front building contains two townhomes, each with 3 bedrooms and 3 bathrooms; the middle building includes two townhomes, each with 4 bedrooms and 4 bathrooms; and the rear building consists of two 1-bedroom, 1-bathroom oversized ADU's, with the potential to add more bedrooms due to available spaces. All units are thoughtfully designed to optimize both space and comfort. The property is ideally located near USC where newly constructed properties are consistently sold at premium prices or fully leased upon completion. The plans have been thoroughly vetted and are ready for immediate issuance, eliminating the typical delays associated with project approvals. With SB-8 in effect, fewer new constructions are underway, making properties like this an even rarer and more sought-after asset. This presents a unique opportunity to invest in a fully planned housing development in one of Los Angeles' most dynamic neighborhoods. Just down the street from Exposition Park, home to numerous stadiums and museums, a half-billion-dollar project is set to be completed before the upcoming Olympics. Whether you're an investor or a developer, this project offers the potential for significant returns in an exceptionally desirable location.Show Description
MLS® Number25576867
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1551
Exterior
GarageNo
Approx. Age1913
Basement
DrivewayCarport
Garage Spaces
HeatCentral
A/CCentral Air
Heating Fuel

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