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4117 N Mission RD Los Angeles, CA 90032
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB26121326
HOA Y/N No
Year Built 1952
Lot Size 0.310 Acres
Property Sub-Type Mixed Use
Property Description
MISSION LOFTS – 22-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY. Rare opportunity to acquire a three-parcel assemblage totaling approximately 13,510 SF in Northeast Los Angeles. The property includes plans for a proposed 22-unit multifamily apartment development featuring contemporary architecture, three stories over subterranean parking, and approximately 31,458 SF of proposed building area. The project is a Density Bonus development with plans reportedly approximately 70% complete. Survey, geotechnical work, architectural plans, site plans, floor plans, elevations, and development studies have been completed. Proposed unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom units with 29 subterranean parking spaces. Strategically located near Los Angeles General Medical Center, USC Health Sciences Campus, Cal State LA, Downtown Los Angeles, major employment centers, public transportation, and regional freeways. The surrounding Northeast Los Angeles corridor continues to benefit from public and private investment, new residential development, healthcare expansion, and urban infill growth. Ideal opportunity for developers, builders, and investors seeking a substantially advanced multifamily development project in a supply-constrained Los Angeles submarket. Buyer to independently verify all information, zoning, development potential, approvals, plans, reports, permits, and entitlements.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Zoning [Q]C2-1
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot, Near Public Transit, Rectangular Lot, Value In Land
Story 1
Water Public
Others
Tax ID 5209035005
Special Listing Condition Standard
Listed by HAGOP YAPOUJIAN HYNET REALTY HAGOPRHR@EARTHLINK.NET, DRE #01005112