Description
A high profile apartment development opportunity in Los Angeles, CA. The project presents the opportunity to build up to 31 units 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 LAMemorial 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.
Map
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Listing information provided courtesy of the Santa Barbara MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 20th April, 2021 9:44 PM
