3323 Darwin Ave.
Los Angeles, CA 90031
EXCLUSIVE

Property

Ownership: Duplex
Type: Multi-Family
Lot Size: 14000 sq ft

Financials

Price:$2,495,000
Director of Marketing and Operations
Licensed Real Estate Salesperson
271 North Canon Drive Beverly Hills, CA 90210

PRIME 100% AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITY LINCOLN HEIGHTS

Rendering based on the proposed plans

Rendering based on the proposed plans

Rendering based on the proposed plans
Rendering based on the proposed plans
Rendering based on the proposed plans
Rendering based on the proposed plansRendering based on the proposed plansRendering based on the proposed plans

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.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.