This fully entitled, Ready-to-Issue (RTI) multifamily development opportunity offers approved plans for a five-story, approximately 43,620-square-foot building containing 35 dwelling units. The plans also provide for the recreation room to be converted into a one-bedroom, one-bathroom ADU, increasing the project to a total of 36 units.
A major advantage of the project is its efficient parking design, which includes 17 on-grade parking spaces and eliminates the need for costly subterranean construction. The thoughtfully designed unit mix consists of twelve two-bedroom/two-bathroom units, seven one-bedroom/one-bathroom units, and sixteen studio units.
Seven of the units—representing 20% of the project—are designated for low-income households. The affordable units include three studios, two one-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units. This 20% affordable housing allocation eliminates applicable linkage fees and allows the remaining market-rate units to be exempt from rent control, providing a meaningful long-term benefit to the future owner.