1010 E 25th St, Los Angeles, CA 90011 – 24-456331

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$9,300,000

Est. payment - /mo

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22 BD

31 BA

16,004 SqFt

Active

1010 E 25th St Los Angeles, CA 90011

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

11/14/2024 06:15 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,004 sqft

Price per Sqft $581

MLS Listing ID 24-456331

Bedrooms 22

Year Built 2024

Lot Size 6,247 Sqft

Acres 0.1434

Property Description

Now Priced! Certificate of Occupancy Issued. Now Scheduling Showings! We are proud to exclusively present for sale an Affordable Residential Building newly constructed in Los Angeles! The property will be delivered vacant. This 31 Unit 100% Affordable Brand New Residential Building sits just south of Downtown Los Angeles. The ground-up new construction consists of mostly 1+1s (22 of them) and 9 Studios. The building includes a Building Code Floor Area of 16,004 SF per Zoning Code and 10,952 SF of Rentable Square Footage! The building opens through a secured entrance to a spacious Recreation / Community Room, then opens up to a comfortable Manager's Office and a Manager's Bathroom. The same level leads to the ground-floor apartments with 14 foot ceilings, the Laundry Room, and through the side of the building, access the Long-Term Bicycle Storage that can accommodate 30 bicycles. Take the stairs or the elevator up to the next three floors of housing, and continue to the Rooftop which includes three separate Open Space Areas with unobstructed views of the City, including the skyscrapers in DTLA. All units feature a Mini-Split A/C System, brand new appliances and all electric setups (with only the Central Boiler and Dryers in Laundry room being gas). The mostly Stacked- Design should allow for future ease of maintenance. The property has a Security Camera System for ease of mind. The Building is sub-metered for water. The property is bordered by a new block wall. There is the possibility of converting some common space to one or two ADUs. The property is in an Opportunity Zone! The building includes no car parking, but is located well under a mile to the Metro (A) Blue Line Station, which will take your future tenants to connections with the other Metro Light Rail Lines, Long Beach and direct to Union Station! There is a space in the back of the building, off the alley, that may potentially work for parking one car. This pedestrian friendly neighborhood gets a respectable "Very Walkable" score from Walk Score, along with a Biker's Paradise designation! The property is located near significant Job-Centers, including USC and DTLA. Strong demand from Section 8 Tenants can increase the potential income, and will help to speed up the rent-up period.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning C2-2D-CPIO Tier 3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Elevator, Range/Oven, Refrigerator, Other

Exterior

Parking Features None

Building

Story 4

Level or Stories Three Or More

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills