Nest Seekers

977 Arapahoe St La

977 Arapahoe St
LOS ANGELES, CA 90006

Listing

Web ID:5699258
Website:https://www.nestseekers.com/5699258

Property

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.

Location

977   Arapahoe St LOS ANGELES CA 90006 USA

Contact

Beverly Hills, CA
271 North Canon Drive Beverly Hills, CA 90210
Phone: +1 310-278-8861
Fax: +1 310-362-0351
info@nestseekers.com
Listing Courtesy of Keller Williams Larchmont
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