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Listed by Argineh Mailian, DRE #02217512 • Compass
$ 2,999,999
Est. payment | /mo
8,074 Sqft Lot
$ 2,999,999
Est. payment | /mo
8,074 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26231909
Lot Size 8,074 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
RTI DEVELOPMENT OPPORTUNITY | 17-UNIT MULTIFAMILY PROJECT | EAST HOLLYWOOD Rare opportunity to acquire an approximately 8,000-square-foot VACANT development lot/land at 1309 N. Mariposa Avenue, Los Angeles, CA 90027, offered with permitted plans for a 17-unit, four-story multifamily development with subterranean parking. The project is RTI (Ready to Issue), allowing a developer to step into a substantially completed entitlement and permitting process and move toward construction without starting the lengthy approval process from scratch. The thoughtfully designed project features 14 two-bedroom units and 3 one-bedroom units, along with 27 parking spaces. The approved TOC Tier 3 project utilizes a significant density increase over the property's base zoning capacity, maximizing the development potential of this well-located R3 site. An exceptional opportunity for a developer or investor seeking a shovel-ready Los Angeles multifamily project where substantial time, planning, design and entitlement work has already been completed. Buyer to independently verify all plans, permits, approvals, RTI status, zoning, unit mix, affordable housing requirements, development incentives and other property information with the City of Los Angeles and appropriate agencies. However, RT
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LW,LSR,LL,LV
Exterior
Utilities Available Electricity - On Site
View Hills
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5543027013
Special Listing Condition Not Applicable
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