628-632 W. 92nd St., Los Angeles, CA for sale

Investment Overview

Entitled land for sale in very dense south Los Angeles sub-market of Los Angeles, California. The City of Los Angeles has approved entitlements for a new 6 story, 78' high, 49,698 SF multi-family residential development consisting of 79 apartment units, 100% affordable ED-1 building with parking provided on the ground floor utilizing density bonus law centrally located. 15 ADU's which planning has already approved should be applied concurrently during construction of the building.

Investment Highlights

• 79 Unit Multi-Family Development Project
• "$31,000 PER DOOR
• Start Construction Right Away
• Easy to add 15 ADU Units which planning has already approved
• With Density Bonus Law, this Land has been approved for 79 Units for Low/Middle Income housing. Permit is ready to issue (RTI)
• The property is sold with approved entitlements, approved architectural, structural, electrical and mechanical plans
• Location offers excellent connectivity to Downtown Los Angeles, neighboring cities and beyond!