977 Arapahoe St La
| Website: | https://www.nestseekers.com/5699258 |
|---|---|
| Address: | 977 Arapahoe St LOS ANGELES, CA 90006 |
| Ownership: | For Sale |
|---|---|
| Area: | 8542 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$1,800,000
Description
( 28 Units MIIP, 78 Units AHIP ) 8,539 sf R4-1 parcel TOTAL 7 BD / 6.5 BA (2 BD / 3.5 BA UNPERMITTED). HUGE LOT IN A QUIET RESIDENTIAL AREA. DEVELOPMENT OPPORTUNITY: POTENTIAL FOR APPROX. OFFERED PRIMARILY FOR LAND VALUE AND TO BE DELIVERED VACANT. .Base zoning allows 21 units by right within a 45 ft / 3-story envelope at 3:1 FAR.The MIIP pathway reaches 28 units at a 12% ELI / 16% VLI / 25% LI set-aside, while a100% affordable AHIP project reaches 78 units AHIP is the higher-yield path(envelope-limited), though every unit is income-restricted.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-278-8861 Fax: +1 310-362-0351 | |
| Listing Courtesy of Keller Williams Larchmont | |
