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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10,511 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 23312583

Sold Date 03/15/24

HOA Y/N No

Lot Size 10,511 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 C42 - Downtown L.A.

Zoning LARD1.5

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Senior Community No

Tax ID 5118009030

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap
Bought with Neema Ahadian • Marcus & Millichap

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Justin Jenewein

Agent | License ID: 02024855

+1(818) 336-8567

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