Skip To Content

    824 W 164th Street

    Los Angeles (City), CA 90247
    • $2,900,000
    • STATUS: Active
    • ON SITE: 198 days
    • ID#: SR21007164
    UPDATED: 221 min ago
    $2,900,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit PotentialA real estate assemblage well poised for multifamily housing development. The following are in proper alignment to create a compelling affordable housing development opportunity:One Seller. A cohesive Selling entity has proven valuable in structuring acquisitions of this nature. Never underestimate the value of transacting with one Seller.Zoning. R4-1. No funky [Q]s and no specific plan will allow for project planning under probably one of the City of Los Angeles most attractive multifamily zoning designations.Site Orientation. Corner site with alley will allow for optimality of design efficiencies for project access, configuration, etc.Deal Size. Projects in the 50100-unit range optimizes financing considerations for affordable housing development.State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-30T00:27:10.907. 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 Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/113214852
    Print Image

    824 W 164th Street Los Angeles (City), CA 90247

    • Price: $2,900,000
    • Status: Active
    • Updated: 221 min ago
    • ID#: SR21007164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Corner R4 triple lot assemblage with alley. Non TOC. Includes three APNs: 6120-018-028, 029, 030Maximum potential: Land + 1/2 Alley = 21,501.6 / 400 = 54 + 35% = 73 Max Unit PotentialA real estate assemblage well poised for multifamily housing development. The following are in proper alignment to create a compelling affordable housing development opportunity:One Seller. A cohesive Selling entity has proven valuable in structuring acquisitions of this nature. Never underestimate the value of transacting with one Seller.Zoning. R4-1. No funky [Q]s and no specific plan will allow for project planning under probably one of the City of Los Angeles most attractive multifamily zoning designations.Site Orientation. Corner site with alley will allow for optimality of design efficiencies for project access, configuration, etc.Deal Size. Projects in the 50100-unit range optimizes financing considerations for affordable housing development.State Legislation. Recent state legislation incentivizes bonuses and parking reduction for affordable housing.
    Exterior Features

    Lot Features 26-30 Units/Acre36-40 Units/Acre31-35 Units/AcreCorner LotLevelRectangular LotTear Down View City LightsMountain(S)Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar4

    Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-30T00:27:10.907. 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 Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365098824-1.jpg
    Logo
    Accardo Real Estate Associates | Compass
    1820 S. Elena Ave. Ste. H
    Redondo Beach CA, 90064