Los Angeles, CA 90011,1432 E 25th ST
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Los Angeles, CA 90011,1432 E 25th ST
Los Angeles, CA 90011,1432 E 25th ST
Los Angeles, CA 90011,1432 E 25th ST

$2,450,000

Est. payment /mo
Est.Price: ?

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1432 E 25th ST Los Angeles, CA 90011

10,511 Sqft Lot

SOLD DATE : 03/15/2024

Key Details

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23312583

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

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Special Listing Condition Standard

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

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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