818-263-9095
930 S Mansfield Ave, Los Angeles, CA for Sale
Residential LAND - FOR SALE
1/18
8,333 SF

930 S Mansfield Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • 0.19 acres of suburban, raw land with fully approved RTI plans for a four-story, 24,122-square-foot, 19-unit apartment building in Los Angeles, CA.
  • Strategically situated within a Transit Oriented Community near numerous key transportation routes, including LAX, Amtrak, Union Station, and more.
  • Rare acquisition of development-ready acreage recently demolished to remove all existing structures in a heavily populated, renter-centric community.
  • Ideally encompassed by desirable demographics where over 1.1 million people live within a 5-mile radius make an average household income over $95,000.
  • Section 8 Tier 8 Overlay – Enables higher-density affordable housing under LA’s updated incentives and qualifies for max Section 8 rents under Tier 8

OVERVIEW

19-unit fully approved RTI plans for a four-story, 24,122 square foot apartment complex in one of the most desirable and sought-after communities in Los Angeles. Centrally located in Miracle Mile, a vibrant community full of culture and a wealth of walkable retail offerings. Residents can travel around town through myriad transportation options, such as the Union Station Commuter Rail, Interstate 10, Hollywood Freeway, and State Route 2, located less than 4 miles away. Photo is a rendering of the building. This project is currently a vacant lot, recently demolished to remove all existing structures and improvements. The lot is zoned R3-1 and is located in a TOC Tier 3 area. This allows for up to 19 units with 2 affordable units. Each unit is 2 bedrooms and 2 bathrooms and have an average square footage of 766. In addition, the proposed multifamily project features parking accommodations on the ground level as well as subterranean, ensuring ample parking for residents and visitors. The roof deck will provide an open space for unwinding while the recreation room will serve as entertainment. Trees, landscaping, and open space will allow time for relaxation. The complex offers a quiet, residential feel while being minutes away from the Los Angeles County Museum of Art (LACMA), Petersen Automotive Museum, Academy Museum of Motion Pictures, the El Rey Theater, and more. Developments near the project continues with major renovations at LACMA, plans for a 21-story apartment tower, and entitlements for an eight-story mixed-use building.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Approved RTI Plans for a 19-Unit Apartment

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.19 AC

LAND SF

8,331 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas

ZONING

LAR3

APN/PARCEL ID

5084-006-006

ASK ABOUT THIS PROPERTY

John SolisNELA GroupMore Info
818-263-9095

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John SolisNELA GroupMore Info
818-263-9095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.