Description
REDUCED! We are proud to exclusively present for sale a Development Opportunity in the popular enclave of Mount Washington sandwiched between Highland Park and Chinatown, and at the edge of Lincoln Heights and Cypress Park! The current Design calls for 100 Residential Units (10 or 14 of the 100 would be Affordable Units and 3 of of the 100 would have a Lower Level Retail component) and 10 Retail Units - a Tract Map for all 100 Co-Living Residential Units (studios to 5 bedroom homes). The current project has been meticulously designed with tremendous attention to detail that your future tenants or condo-owners will love, including expansive outdoor space and plans for amenities including lounges, theater/screening room, party lounge, dance studio, gym and parkette. This property consists of over one acre of land (including the proposed vacated land in a Merger and Subdivision). This location is unparalleled with never-to-be-blocked views in all directions. Sitting at the intersection of Figueroa St. and Pasadena Ave., this property is a mere 440 yards to the Metro Gold Line's Heritage Square Station, which is one stop away from the newly rediscovered Historic Highland Park, two stops to Chinatown, and a mere three stops to the Los Angeles Union Station with access to the rest of the Southland and rest of the Country. The design features 114 parking spaces, 226 bike stations, 52 storage spaces, three inter-connected central courtyards, a swimming pool and much more! Build the envy of the town! APNs included are 5451-005-001, 5451-005-016 and 5451-005-017 along with land being Vacated. The existing structures house a commercial tenant on a month-to-month lease and two residential tenants under Rent Control. Do not go on site. Do not disturb the Tenants.
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0BEDS
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1.08ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
REDUCED! We are proud to exclusively present for sale a Development Opportunity in the popular enclave of Mount Washington sandwiched between Highland Park and Chinatown, and at the edge of Lincoln Heights and Cypress Park! The current Design calls for 100 Residential Units (10 or 14 of the 100 would be Affordable Units and 3 of of the 100 would have a Lower Level Retail component) and 10 Retail Units - a Tract Map for all 100 Co-Living Residential Units (studios to 5 bedroom homes). The current project has been meticulously designed with tremendous attention to detail that your future tenants or condo-owners will love, including expansive outdoor space and plans for amenities including lounges, theater/screening room, party lounge, dance studio, gym and parkette. This property consists of over one acre of land (including the proposed vacated land in a Merger and Subdivision). This location is unparalleled with never-to-be-blocked views in all directions. Sitting at the intersection of Figueroa St. and Pasadena Ave., this property is a mere 440 yards to the Metro Gold Line's Heritage Square Station, which is one stop away from the newly rediscovered Historic Highland Park, two stops to Chinatown, and a mere three stops to the Los Angeles Union Station with access to the rest of the Southland and rest of the Country. The design features 114 parking spaces, 226 bike stations, 52 storage spaces, three inter-connected central courtyards, a swimming pool and much more! Build the envy of the town! APNs included are 5451-005-001, 5451-005-016 and 5451-005-017 along with land being Vacated. The existing structures house a commercial tenant on a month-to-month lease and two residential tenants under Rent Control. Do not go on site. Do not disturb the Tenants.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-07T09:42:55.653. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.