Skip To Content

142 S Mountain View Avenue

Los Angeles (City), CA 90057
  • $1,295,000
  • STATUS: Active
  • ON SITE: 158 Days
  • ID#: 24406801
UPDATED: 33 min ago
$1,295,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Jordan Petito of Keller Williams Beverly Hills (310-432-6400) and Dario Svidler of ()


Description

PartnersCRE is proud to present for sale a ready-to-issue (RTI) 22-unit, 100% affordable housing project on a 6,243 SF lot in the desirable Westlake area of Los Angeles. The proposed development features a total of 12,780 SF of gross floor area, with 9,947 SF of net rentable square footage. This 3-story building is constructed with Type V-B materials, ensuring compliance with safety standards while maintaining affordability. Each unit is designed with efficiency in mind, offering a quality living experience in a compact space. The affordable housing breakdown includes 16 low-income units (TCAC Schedule IX), 5 moderate-income units (HCD Schedule VI), and 1 market-rate manager's unit. The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The Westlake location situates this project within walking distance to multiple public transportation routes, connecting residents to Downtown LA and other key areas. The development is ideal for residents who rely on public transit, with a Walk Score of 89, classifying it as "Very Walkable." The project's RTI status streamlines the development process, providing a unique opportunity to deliver affordable housing in a high-demand area. With its efficient layout, affordability, and convenient location, this Westlake development is positioned to become a valuable addition to Los Angeles' housing landscape.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-03T14:31:33.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/152092585
Print Image

142 S Mountain View Avenue Los Angeles (City), CA 90057

  • Price: $1,295,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 33 min ago
  • ID#: 24406801
0
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
PartnersCRE is proud to present for sale a ready-to-issue (RTI) 22-unit, 100% affordable housing project on a 6,243 SF lot in the desirable Westlake area of Los Angeles. The proposed development features a total of 12,780 SF of gross floor area, with 9,947 SF of net rentable square footage. This 3-story building is constructed with Type V-B materials, ensuring compliance with safety standards while maintaining affordability. Each unit is designed with efficiency in mind, offering a quality living experience in a compact space. The affordable housing breakdown includes 16 low-income units (TCAC Schedule IX), 5 moderate-income units (HCD Schedule VI), and 1 market-rate manager's unit. The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The Westlake location situates this project within walking distance to multiple public transportation routes, connecting residents to Downtown LA and other key areas. The development is ideal for residents who rely on public transit, with a Walk Score of 89, classifying it as "Very Walkable." The project's RTI status streamlines the development process, providing a unique opportunity to deliver affordable housing in a high-demand area. With its efficient layout, affordability, and convenient location, this Westlake development is positioned to become a valuable addition to Los Angeles' housing landscape.
Exterior Features

Lot Features Flat Parking Total 0 Topography Level View YN Yes

Property Features

Additional Parcels YN No Association YN No Buyer Financing CashConventionalFHAVA Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHA New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning R3-1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-03T14:31:33.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372978731-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372978731-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372978731-2.jpg
Logo
Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Jordan Petito of Keller Williams Beverly Hills (310-432-6400) and Dario Svidler of ()