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977 Arapahoe St
Los Angeles, CA 90006
977 arapahoe, 28 Units MIIP · 78 Units AHIP · Land For Sale
·
0.20 AC
Investment Highlights
- LAR4 zoning supports future multifamily development potential
- Property will be delivered vacant at close of escrow
Executive Summary
An 8,539 sf R4-1 parcel in the City of Los Angeles.
Base zoning allows 21 units by right within a 45 ft / 3-story envelope at 3:1 FAR.
The MIIP pathway reaches 28 units at a 12% ELI / 16% VLI / 25% LI set-aside, while a
100% affordable AHIP project reaches 78 units — AHIP is the higher-yield path
(envelope-limited), though every unit is income-restricted, SUBJECT TO BUYER'S INDEPENDENT VERIFICATION AND CITY
APPROVALS. SELLER AND LISTING AGENT MAKE NO GUARANTEES. PROPERTY SOLD AS-IS, NO REPAIRS OR CREDITS. OFFERED PRIMARILY FOR LAND
VALUE AND TO BE DELIVERED VACANT. Currently TOTAL 7 BD / 6.5 BA (2 BD / 3.5 BA UNPERMITTED)
Showings are available only to buyers with an accepted offer. Buyer to conduct all inspections and due diligence at Buyer's expense.
Showing Remarks: Property to be sold AS-IS, with no repairs or credits from Seller. Property is being offered primarily for its land value.
Base zoning allows 21 units by right within a 45 ft / 3-story envelope at 3:1 FAR.
The MIIP pathway reaches 28 units at a 12% ELI / 16% VLI / 25% LI set-aside, while a
100% affordable AHIP project reaches 78 units — AHIP is the higher-yield path
(envelope-limited), though every unit is income-restricted, SUBJECT TO BUYER'S INDEPENDENT VERIFICATION AND CITY
APPROVALS. SELLER AND LISTING AGENT MAKE NO GUARANTEES. PROPERTY SOLD AS-IS, NO REPAIRS OR CREDITS. OFFERED PRIMARILY FOR LAND
VALUE AND TO BE DELIVERED VACANT. Currently TOTAL 7 BD / 6.5 BA (2 BD / 3.5 BA UNPERMITTED)
Showings are available only to buyers with an accepted offer. Buyer to conduct all inspections and due diligence at Buyer's expense.
Showing Remarks: Property to be sold AS-IS, with no repairs or credits from Seller. Property is being offered primarily for its land value.
Property Facts
1 Lot Available
Lot
| Price | $2,485,566 CAD | Lot Size | 0.20 AC |
| Price Per AC | $12,675,186.12 CAD |
| Price | $2,485,566 CAD |
| Price Per AC | $12,675,186.12 CAD |
| Lot Size | 0.20 AC |
LAR4 8542 s/f, . HUGE LOT IN A QUIET RESIDENTIAL AREA. DEVELOPMENT OPPORTUNITY: 100% affordable AHIP project reaches 78 units The MIIP pathway reaches 28 units. Base zoning allows 21 units by right within a 45 ft / 3-story envelope at 3:1 FAR.
Description
LAR4 8542 s/f, TOTAL 7 BD / 6.5 BA (2 BD / 3.5 BA UNPERMITTED). HUGE LOT IN A QUIET RESIDENTIAL AREA. DEVELOPMENT OPPORTUNITY: POTENTIAL FOR APPROX. 45 UNITS MIXED-INCOME OR 63+ UNITS AS 100% AFFORDABLE, SUBJECT TO BUYER'S INDEPENDENT VERIFICATION AND CITY APPROVALS. SELLER AND LISTING AGENT MAKE NO GUARANTEES.
Property Taxes
| Parcel Number | 5076-005-011 | Improvements Assessment | $197,161 CAD |
| Land Assessment | $364,363 CAD | Total Assessment | $561,524 CAD |
Property Taxes
Parcel Number
5076-005-011
Land Assessment
$364,363 CAD
Improvements Assessment
$197,161 CAD
Total Assessment
$561,524 CAD
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