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10715 S Western Avenue, Los Angeles, CA 90047

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For Sale

$3,392,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

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An RTI Project consisting of a 106 Unit Residential Development Project located in the City of Los Angeles on the corner of Western Ave and 108th St. The project is for the demolition of an existing commercial building and the constructions of a new (5) Five-Story, 61 5 tall, 100% residential development. This project includes 83 units for Low Income, 22 units for Moderate Income and 1 market rate manager s unit. The gross area of the building is 57,690 SF. As a 100% affordable housing project, no residential parking is required. The property is near several Metro Bus stops and provides 78 long term bicycle parking stalls for its residents. This project met all ED1 eligibility criteria and has received Bonus Incentives such as additional 3 stories taller, No parking requirement, Floor Area Ratio (FAR) of 3.30:1, Reduced open space requirements, and reduced setbacks for the building. The Metro Train station is located along the 105 Fwy & Crenshaw and 105 & Vermont/Athen Stations. The property is also located a short distance to LA Southwest College and various public and charter schools. With some projects taking over 1 yr to get approved, this project is ready with approved plans that has maximized the Cost/Unit for a Developer and that can start construction immediately. For More information please call to get the detailed marketing flyer.
MLS# PW25158242

Courtesy Of RE/MAX Premier Properties

(626) 964-8999

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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