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40 Unit RTI - Existing Autobody & Spray Booth 649-701 W Vernon Ave

2,451 SF 100% Leased Retail Building Los Angeles, CA 90037 £2,386,560 (£974/SF)

Investment Highlights

  • 40 Units RTI - 4 Story 100% Affordable Development
  • Just South of USC
  • Existing Autobody with Spray Booth on 9,619 SF Lot

Executive Summary

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
PCS Group is pleased to exclusively present for sale a 40 Unit RTI, 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. Currently an existing autobody with spray booth, the offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit.
This offering consists of 9,619 square feet of land, zoned C2,and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.

Attachments

Los Angeles, 701-649 W Vernon Ave - OM

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,451 SF
Building Class
C
Year Built
1925
Price
£2,386,560
Price Per SF
£974
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.51
Lot Size
0.11 AC
Zoning
LAC2 - C2-1VL-CPIO
Frontage
86 ft on Vernon Ave

Links

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649-701 W Vernon Ave, Los Angeles, CA - aerial map view - Image1
649-701 W Vernon Ave, Los Angeles, CA - aerial map view - Image2
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Superior Grocers
Yoshinoya
Surf City Squeeze
The Coffee Bean & Tea Leaf
Food 4 Less
Chase Bank
Bank of America

PROPERTY TAXES

Parcel Number 5019-009-030 Improvements Assessment £0
Land Assessment £1,202,540 Total Assessment £1,202,540

PROPERTY TAXES

Parcel Number
5019-009-030
Land Assessment
£1,202,540
Improvements Assessment
£0
Total Assessment
£1,202,540
(213) 921-6292

Contacts

  • Listing ID: 32750979

  • Date on Market: 09/08/2024

  • Last Updated:

  • Address: 649-701 W Vernon Ave, Los Angeles, CA 90037

The Retail Property at 649-701 W Vernon Ave, Los Angeles, CA 90037 is currently available for sale. Contact KW Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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649-701 W Vernon Ave, Los Angeles, CA for sale Building Photo- Image 1 of 5
701 & 649 W. Vernon Ave- For Sale
649-701 W Vernon Ave, Los Angeles, CA for sale Building Photo- Image 2 of 5
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649-701 W Vernon Ave, Los Angeles, CA for sale Aerial- Image 4 of 5
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© 2024 CoStar Group

40 Unit RTI - Existing Autobody & Spray Booth | 649-701 W Vernon Ave
(213) 921-6292 x

40 Unit RTI - Existing Autobody & Spray Booth | 649-701 W Vernon Ave

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Amir Lashgari

(213) 921-6292

(213) 921-6292

Karl Niehaus

(310) 880-7900

(310) 880-7900

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