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Adam Peterson
CB Richard Ellis, Inc.
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Ultra Efficient RTI Development Site in City West. The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is permit-ready and will be delivered with all reports, plans and approvals to the selected Buyer. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. The project has been subjected to rigorous underwriting and is conceptualized with an intimate understanding of the market by seasoned local experts. Construction is 7-story type III-A with at- and above-grade parking and approximately 36,000sf of rentable area. A unit mix skewed towards studios and 1-bedrooms meets local demand head-on catering to young professionals and small families looking to live as close to Downtown Los Angeles as possible.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Sewer : Other
Lot Dimensions Source: Assessor
Lot Size Acres: 0.2959
Lot Size Dimensions: 120x107
Lot Size Source: Assessor
Lot Size Square Feet: 12889
Original List Price: 3,995,000
Listing Contract Date: 2024-03-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5142023015
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Directions: North side of 8th St. between Union and Valencia
Zoning: LAC2
Source Property Type: Land
Area: C42 - Downtown L.A.
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1100 Wilshire Boulevard.., Los Angeles, CA,90017 | $839,000 | 2 | 2 | 1,300 | 27098 Sqft |
877 Francisco Street #1.., Los Angeles, CA,90017 | $467,000 | -- | 1 | 544 | 128921 Sqft |
877 Francisco Street #1.., Los Angeles, CA,90017 | $616,000 | 1 | 1 | 714 | 128921 Sqft |
1234 Wilshire Boulevard.., Los Angeles, CA,90017 | $5,000 | 2 | 2 | 990 | 71332 Sqft |
889 Francisco Street #2.., Los Angeles, CA,90017 | $697,900 | 1 | 2 | 780 | 98910 Sqft |
1100 Wilshire Boulevard.., Los Angeles, CA,90017 | $499,000 | 1 | 1 | 820 | 27098 Sqft |
889 Francisco Street #2.., Los Angeles, CA,90017 | $789,000 | 1 | 1 | 750 | 98910 Sqft |
1100 Wilshire Boulevard.., Los Angeles, CA,90017 | $575,000 | 1 | 1 | 800 | 27098 Sqft |
889 Francisco Street #2.., Los Angeles, CA,90017 | $890,000 | 1 | 1 | 980 | 98910 Sqft |
877 Francisco St #4111, Los Angeles, CA,90017 | $1,998,000 | 2 | 2 | 1,309 | -- |
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ByOwner last updated this listing 05/18/2024 @ 16:02
MLS: 24373943
LISTED BY: Adam Peterson, CB Richard Ellis, Inc.
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.