701 & 649 w Vernon Ave, Los Angeles, CA 90037

Listing office Commercial Real Estate Investments k***@crei.biz Show Phone

Listing date Aug 9, 2024

Source Crexi

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Overview

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.

Suggested Use

Dental Office Building Supply Big Box & Wholesale Store Auto Parts Store Real Estate Agency Auto Repair Shop Law Firm Pharmacy Storage Facility Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.46744

Latitude

33.99829

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FAQs

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.