Pre-RTI Affordable Housing
For Sale
Contact for pricing
Pending
701 & 649 w Vernon Ave, Los Angeles, CA 90037
Pre-RTI 40-unit affordable housing project near USC.
Property Size22,794 SF
Lot Size0.22 Acres
Days on Market748
Property Features for 701 & 649 w Vernon Ave
General Information
Standard status
Pending
Size
22,794 SF
Lot size
0.22 Acres
Property subtype
Multifamily
Zoning
C2-1VL-CPIO
Building Details
Stories
4
Units
40
Listing Agency:
Commercial Real Estate Investments
(310) 826-8200
Listed By:
Karl Niehaus · License #CA 01450751
Source:
Crexi
Added: Aug 9, 2024
Changed: Aug 13
Last Checked: Aug 25 at 2:00PM
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 Commercial Real Estate Investments
Investment Insights
Based on property information with market context.
This offering presents a pre-RTI 40-unit, four-story affordable housing project located at 701 & 649 W Vernon Ave. The project, situated on 9,619 square feet of land zoned C2, is approximately one mile from USC. The proposed development includes Type V-A units, with a designated allocation for affordable housing. Specifically, six units are set aside for low-income residents per Schedule VI, 33 units are designated for low-income residents per Schedule I, and one unit is reserved as a manager's unit. The project is 100% privately funded, without tax credits, and is not public housing.
Key Highlights
- Pre‑RTI 40‑unit 4‑story affordable housing project.
- 100% privately funded with no tax credits and not public housing.
- 100% of units set aside for affordable housing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Pre-RTI 40-unit affordable housing project near USC.
Where is this apartment building located?
The property is located at 701 & 649 w Vernon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Pre‑RTI 40‑unit 4‑story affordable housing project.; 100% privately funded with no tax credits and not public housing.; 100% of units set aside for affordable housing.
