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1204-1210 W Florence Ave, Los Angeles, CA 90044

Unpriced

Description

Lyon | Stahl is pleased to present this interesting new listing at 1204-1210 W Florence Ave in Los Angeles. Fantastic redevelopment opportunity on a large 9,593 Sq Ft double lot zoned commericla C2/R4 in a TOC Tier 2 area for added density bonuses.

Buyer has the option to customize any of the following designs:
1. Recuperative Care Facility: Design plan to build 48 private rooms. 24 shared bathrooms for every 2 rooms. Constructing 20,000 Sq Ft in one new 4-story building with 9 parking spaces required. Pricing starting at $4.9M.

2. Permanent Supportive Housing (PSH): Build up to 48 new studio units utilizing PSH bonus standards. 48 studio apartments (approx. 300 sq ft each) with private kitchens and privates baths. Constructing 20,000 total Sq Ft in two new 4-story buildings with zero parking required. Pricing starting at $6.5M.

3. Transit Oriented Community (TOC Tier 2 Bonus Density): Build 36 new studio units with kitchen and private baths. Constructing 15,000 Sq Ft in two new 3-story buildings with no parking required. 100% low-income housing. Pricing starting at $5.4M.

4. Market Rates Apartments: Build 24 new multifamily units. 18 market rate studios and 6 low-income studios. Constructing 10,000 total rentable Sq. Ft. with 9 parking spaces required. Pricing starts at $4.5M fully-constructed and ready for tenant occupancy and immediate cashflow.

Investment Highlights: 

  • Offering a unique opportunity to purchase a new custom build-to-suit multifamily or mixed-use housing development that will be constructed to meet the buyer’s specific use and needs. Choose from the following approved uses: Market Rate Apartments; Recuperative Care; Permanent Supportive Housing, or Transit Oriented Community (TOC) housing.
  • New construction will be completed using Modular Construction with a leading modular builder saving time and money. Project completion projected for 12-15 months total. Pricing starting at $4.5M fully constructed, and as low as $93,750/unit. Buyers will also have the ability to fully customize these new buildings by adding other elements/features to suit their specific needs.

 

Property Downloads

Address

  • State/county: CA
  • Country: United States

Detail

Updated on February 6, 2019 at 11:18 pm

  • Price: Unpriced
  • Land Area: 9,593 Sq Ft
  • Property Type: Development Opportunity, Vacant Land, Multifamily
  • Property Status: Active

Contact info

Matt Dunfrund
Matt Dunfrund
(424) 330-2015(310) 367-9666
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