977 Arapahoe St, Los Angeles, CA 90006
- $1,800,000
- List Price
- $1,800,000
- MLS#
- 26873899
- Lot Size
- 8,542
- Days on Market
- 25
- Property Type
- Land
Property Description
( 28 Units MIIP, 78 Units AHIP ) 8,539 sf R4-1 parcel TOTAL 7 BD / 6.5 BA (2 BD / 3.5 BA UNPERMITTED). HUGE LOT IN A QUIET RESIDENTIAL AREA. DEVELOPMENT OPPORTUNITY: POTENTIAL FOR APPROX. OFFERED PRIMARILY FOR LAND VALUE AND TO BE DELIVERED VACANT. .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 a100% affordable AHIP project reaches 78 units AHIP is the higher-yield path(envelope-limited), though every unit is income-restricted.
Additional Information
- Lot Description
- Value In Land, Single Lot, Resident Manager
- View
- None
- Water
- District, Meter on Property, Public
Mortgage Calculator
Courtesy of Keller Williams Larchmont, Dae Young Hur - CA DRE#01489175
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