325 N Fickett Street

    Los Angeles (City), CA 90033
    • $1,895,000
    • STATUS: Active
    • ON SITE: 54 days
    • ID#: 19521884
    $1,895,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Amazing opportunity to acquire this affordable housing, development-ready site in East Los Angeles. The site is RTI to build 22 units in lieu of the normally allowable 12 units. This project is designed as a 100% affordable housing project, and as such, takes advantage of density bonus incentives offered through the Transit Oriented Communities program in The City of Los Angeles. The building is designed to be economically and readily built, engineered for efficiency. In addition, ZERO parking is required, thereby providing tremendous savings on the cost of construction. This 100% affordable, 3-story multifamily development project proposes to provide 22 units with a unit mix of all one-bedroom, one-bathrooms-each with it's own private balcony or patio. The project also includes a bicycle room and on-site laundry. Currently, the property is a vacant lot so there are no relocation or demolition costs for the Buyer. Projected Developer Profit: ~$1,478,000! Or build to a ~7.05% cap rate!

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    Based on information from CARETS as of 2019-12-12T00:54:34.37. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/100073912

    325 N Fickett Street Los Angeles (City), CA 90033

    • Price: $1,895,000
    • Status: Active
    • ID#: 19521884
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    Neighborhood:
    Boyle Heights (BOYH)
    County:
    Los Angeles
    Area:
    Boyle Heights (BOYH)
    Property Description
    Amazing opportunity to acquire this affordable housing, development-ready site in East Los Angeles. The site is RTI to build 22 units in lieu of the normally allowable 12 units. This project is designed as a 100% affordable housing project, and as such, takes advantage of density bonus incentives offered through the Transit Oriented Communities program in The City of Los Angeles. The building is designed to be economically and readily built, engineered for efficiency. In addition, ZERO parking is required, thereby providing tremendous savings on the cost of construction. This 100% affordable, 3-story multifamily development project proposes to provide 22 units with a unit mix of all one-bedroom, one-bathrooms-each with it's own private balcony or patio. The project also includes a bicycle room and on-site laundry. Currently, the property is a vacant lot so there are no relocation or demolition costs for the Buyer. Projected Developer Profit: ~$1,478,000! Or build to a ~7.05% cap rate!
    Exterior Features

    Lot Size Dimension Description 50X170 View Other View

    Property Features

    Association Dues 0.0 Country United States Of America Hoa YN N Legal Disclosures Other Lot Size Source Vendor Enhanced Special Conditions Standard Sale Zoning Lar3

    Listing provided courtesy of Ardy Ishal DRE#01769601 of Brc Advisors- Bh.


    Based on information from CARETS as of 2019-12-12T00:54:34.37. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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