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836 W 42Nd Pl

Los Angeles, CA 90037
  • $2,250,000
  • STATUS: Active
  • ON SITE: 93 Days
  • ID#: 21-779004
UPDATED: 60 min ago
$2,250,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

836 West 42nd Place, Los Angeles is a high profile 31-unit plus one ADU TOC development opportunity located in prime South Figueroa Corridor, Los Angeles, CA. The project presents the opportunity to build up to 31 units plus one ADU utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. The Program offers several development incentives, including a 70% Density Bonus, and an increase in FAR and height. The property is excellently located near a myriad of educational institutions, retail, transit, and job opportunities due to its location just south of USC & Downtown LA with easy access to the 10, 110 & 105 Freeways. 42nd Pl is surrounded by amenity rich locations including Downtown Los Angeles, the USC Campus, the LA Memorial Coliseum and South LA all within 4 miles. Hundreds of units and hundreds of thousands of square feet of commercial space are in construction or proposed within the immediate 5 miles of the subject property including the The Fig, which once completed will bring 330 apartments and more than 60,000 SF of retail to the area surrounding the Banc of America Stadium. The George Lucas Museum project, located 1 mile north, will bring more than 300,000 square feet of state-of-the-art museum space as well as more than 11 acres of green open space. Many large employers reside in the immediate area including University Park, Kaiser Permanente of Southern California, and UPS to name a few. In 2019, USC completed its expansion of the University Village consisting of 115,000 SF of commercial floor area consisting of a Target and a Trader Joes.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-04T15:43:11.94. 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.
www.bringingyouhomescv.com/homes/121012759
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836 W 42Nd Pl Los Angeles, CA 90037

  • Price: $2,250,000
  • Status: Active
  • On Site: 93 Days
  • Updated: 60 min ago
  • ID#: 21-779004
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
836 West 42nd Place, Los Angeles is a high profile 31-unit plus one ADU TOC development opportunity located in prime South Figueroa Corridor, Los Angeles, CA. The project presents the opportunity to build up to 31 units plus one ADU utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. The Program offers several development incentives, including a 70% Density Bonus, and an increase in FAR and height. The property is excellently located near a myriad of educational institutions, retail, transit, and job opportunities due to its location just south of USC & Downtown LA with easy access to the 10, 110 & 105 Freeways. 42nd Pl is surrounded by amenity rich locations including Downtown Los Angeles, the USC Campus, the LA Memorial Coliseum and South LA all within 4 miles. Hundreds of units and hundreds of thousands of square feet of commercial space are in construction or proposed within the immediate 5 miles of the subject property including the The Fig, which once completed will bring 330 apartments and more than 60,000 SF of retail to the area surrounding the Banc of America Stadium. The George Lucas Museum project, located 1 mile north, will bring more than 300,000 square feet of state-of-the-art museum space as well as more than 11 acres of green open space. Many large employers reside in the immediate area including University Park, Kaiser Permanente of Southern California, and UPS to name a few. In 2019, USC completed its expansion of the University Village consisting of 115,000 SF of commercial floor area consisting of a Target and a Trader Joes.
Exterior Features

Lot Description 2-4 Lots Lot Size Area 14136 View Description None View YN No

Property Features

Cable YN Yes Gas In Street Sale Type Standard Sewer In Street Source Lot Size Area Other Water In Street Zoning R3-1

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-04T15:43:11.94. 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.
 
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Montemayor & Associates | RE/MAX of Santa Clarita
25129 The Old Road, Suite 114
Stevenson Ranch CA, 91381