Property Detail

Description

Multifamily development opportunity situated on an approximately 6,750 square foot lot within an Opportunity Zone. The property had a proposed five story, 30 unit residential project totaling approximately 15,450 square feet. The unit mix included studio, one bedroom, two bedroom, and three bedroom residences, with a portion of the units designated as affordable housing including TOC Tier 4 incentives. Located near the Vermont and Santa Monica Metro station and Los Angeles City College, the property offers potential for a future multifamily development.