7,470 Sqft Lot
7,470 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26224658
HOA Y/N No
Lot Size 7,470 Sqft
Property Description
Based on information provided by the City, the approximately 7,500 SF site allows an 8.0 FAR, equating to up to approximately 60,000 SF of allowable floor area and supporting approximately 100 residential units per the City, subject to final design and applicable planning and building requirements. With qualifying development incentives, the allowable FAR may increase to 11.0, equating to up to approximately 82,500 SF of allowable floor area, providing additional development potential beyond the base zoning capacity.
Conceptual plans have been prepared for a more practical and construction-efficient 45-unit mixed-use development consisting of 36 primary residential units plus 9 proposed ADUs, together with approximately 600 SF of double-height ground-floor retail/commercial space. The concept includes 5 affordable units, with an overall unit mix of 31 one-bedroom units and 14 studios.
The proposed seven-story building utilizes an efficient podium-style construction concept with two levels of concrete/CMU construction and five levels of wood framing, with no basement or subterranean parking, helping simplify construction and control overall development costs. The approximately 37,583 SF gross building also includes a residential lobby, elevator, two stairways, bicycle storage, building service areas, two vehicle spaces, and private balconies/terraces, while offering a buyer the flexibility to pursue the existing 45-unit conceptual plan or explore a larger development program utilizing the site's significant allowable FAR, height, and unlimited-density framework.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning PD30
Interior
Fireplace No
Exterior
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban, Park
Utilities Available Water Not Available
View Y/N Yes
View City Lights, Coastline
Building
Lot Description Near Park, Near Public Transit, Rectangular Lot
Water None
New Construction No
Others
Senior Community No
Tax ID 7273024017
Acceptable Financing Subject To Other
Listing Terms Subject To Other
Special Listing Condition Standard
Nearby Locations
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