Entitled Income-Restricted Housing
For Sale
$3,575,000
419 N Lake Street, Los Angeles, CA 90026
Entitled 95-unit income-restricted housing project with RTI permits.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market195
Property Features for 419 N Lake Street
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
LAND
Listing Agency:
CB Richard Ellis, Inc.
(310) 954-7031
Listed By:
Adam Peterson · License #01815802
Source:
Truthrealty
Added: Feb 10
Changed: Aug 23
Last Checked: Aug 22 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis, Inc.
Investment Insights
Based on property information with market context.
This offering features an entitled 95-unit ED1 project designed for income-restricted housing, situated on a double lot encompassing approximately 12,011 square feet (approximately 0.276 acres). The seller is committed to delivering the project with RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1VL, the project has been granted six incentives and waivers, including the removal of maximum density restrictions, increased Floor Area Ratio (FAR), and reduced setbacks and open space, all attributed to the project's ED1 status. The design incorporates six stories and a unit mix of studios and one-bedroom apartments. The project does not include subterranean parking. Twenty at-grade parking spaces will be available for tenants, complemented by 74 bicycle spaces and a roof deck lounge.
Key Highlights
- Entitled 95‑unit income‑restricted housing project.
- RTI (ready to issue) permits delivered at close of escrow.
- Zoned LAR3‑1VL with ED1 status granting six incentives/waivers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,961
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Entitled 95-unit income-restricted housing project with RTI permits.
Where is this land located?
The property is located at 419 N Lake Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: Entitled 95‑unit income‑restricted housing project.; RTI (ready to issue) permits delivered at close of escrow.; Zoned LAR3‑1VL with ED1 status granting six incentives/waivers.
