Los Angeles, CA 90011,1432 E 25th St
Los Angeles, CA 90011,1432 E 25th St
Los Angeles, CA 90011,1432 E 25th St
4
$2,350,000
$2,450,000
4.1%
Est.Price: ?

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10,509 Sqft Lot

1432 E 25th St Los Angeles, CA 90011

Est. payment /mo
SOLD DATE : 03/15/2024

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Key Details

Sold Price $2,350,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23-312583

Lot Size 10,509 Sqft

Property Description

An affordable housing development opportunity at 1432 E 25th St just south of Downtown Los Angeles. The 10,509 SF lot will be delivered RTI for 54 income-restricted units and 1 manager unit. The project is located between Hooper Ave and Compton Ave, just 3 miles east of USC. The project is offered at a low $44,545 per buildable unit, with no tenant relocation required. There is currently an existing 4,196 SF structure that will be delivered vacant at the close of escrow.Plans call for 6 singles (320 SF) and 49 one-bedroom units (388 SF) with no parking required. The four-story building totals 26,048 SF and includes amenities such as a 4,400 SF communal roof deck, allowing residents unobstructed views of Downtown Los Angeles to the north. Located in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; walk score of 77 and close to multiple Metro local lines and the Metro A rail line. The cost-efficient design calls for four stories of Type V construction, with no parking requirements. Design features of the project include stucco-clad, vertically undulating balconies sweeping across the main elevation seamlessly integrating modern design elements with functionality. Potential design finishes for the balconies include a wood trim on all inside-facing planes, and a design element that is continued through the building's exterior-facing corridors, creating outstanding visual appeal, and elevating the project above other new developments

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Exterior

View Y/N Yes

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Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with Marcus & Millichap

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Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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