1102 Arapahoe Street

    Los Angeles (City), CA 90006
    • $1,400,000
    • STATUS: Active Under Contract
    • ON SITE: 134 days
    • ID#: 19530568
    Under Contract
    UPDATED: 44 min ago
    $1,400,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    The current opportunity is to develop approximately 16 apartment units under Los Angeles's new Transit Oriented Communities (TOC). Due to the proximity to the Olympic and Hoover Metro stop, this development qualifies for TOC Tier 3. Density Bonus incentives include an additional 22 feet in height and 50% increase in FAR, 70% increase in the number of buildable units, a decrease in setbacks and open space requirements, along with a reduction in parking now only requiring 0.5 spaces per unit. This 7,276 square foot lot with Single Family Residence will be delivered vacant at the close of escrow. Please

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T20:27:54.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/101028010

    1102 Arapahoe Street Los Angeles (City), CA 90006

    • Price: $1,400,000
    • Status: Active Under Contract
    • Updated: 44 min ago
    • ID#: 19530568
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    The current opportunity is to develop approximately 16 apartment units under Los Angeles's new Transit Oriented Communities (TOC). Due to the proximity to the Olympic and Hoover Metro stop, this development qualifies for TOC Tier 3. Density Bonus incentives include an additional 22 feet in height and 50% increase in FAR, 70% increase in the number of buildable units, a decrease in setbacks and open space requirements, along with a reduction in parking now only requiring 0.5 spaces per unit. This 7,276 square foot lot with Single Family Residence will be delivered vacant at the close of escrow. Please
    Exterior Features

    Lot Size Dimensions 50X145 Lot Size Units Square Feet Topography Flat View None View YN No

    Property Features

    Additional Parcels YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of William James of James Capital Advisors, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T20:27:54.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003