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836 W 42ND Pl

Los Angeles, CA 90037
  • $2,325,000
  • STATUS: Active
  • ON SITE: 82 Days
  • MLS #: 22-145351
UPDATED: 68 min ago
$2,325,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are pleased to exclusively present for sale a Ready-to-Issue construction project consisting of 31 Residential Units + 1 ADU just south of the LA Memorial Coliseum and Banc of California Stadium. Situated on W. 42nd Pl. between S. Hoover and Menlo Ave., this 14,170 SF R3-1 Tier 3 double-lot has 103 feet of frontage. The property has been Ellised and currently features 2 Duplexes which will be delivered vacant, with Demolition Permits Ready-to-Issue. With a TOC Letter of Determination and a recorded Rental Covenant Agreement, get your construction crew ready! This project is very close to being Fully RTI! The design consists of one Studio, two 1+1, two 2+1, three 3+2, seventeen 4+2, one 4+3, four 5+2, two 5+3. 75% of the project's unit mix are 4 bedrooms and 5 bedrooms, which makes this a fantastic opportunity for Co-Living! 4 units are reserved for Very Low Income tenants and one unit for Extremely Low Income tenants. The property is about a half mile south of the LA Coliseum and Banc of California Stadium, in the backyard of USC and a mile to the Exposition Light Rail Line Station, all a hop and a skip away for future residents. Easy access to 110 & 10 freeways will make an easy commute to DTLA and everywhere else in Los Angeles. The property has the new APN 5019-006-032 that was created from the merger of the two previous APNs (the listed APN no longer exists).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-03T12:42:32.993. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/127599471
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836 W 42ND Pl Los Angeles, CA 90037

  • Price: $2,325,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 68 min ago
  • MLS #: 22-145351
0
Beds
0
Baths
0
½ Baths
0.33
Acres
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
We are pleased to exclusively present for sale a Ready-to-Issue construction project consisting of 31 Residential Units + 1 ADU just south of the LA Memorial Coliseum and Banc of California Stadium. Situated on W. 42nd Pl. between S. Hoover and Menlo Ave., this 14,170 SF R3-1 Tier 3 double-lot has 103 feet of frontage. The property has been Ellised and currently features 2 Duplexes which will be delivered vacant, with Demolition Permits Ready-to-Issue. With a TOC Letter of Determination and a recorded Rental Covenant Agreement, get your construction crew ready! This project is very close to being Fully RTI! The design consists of one Studio, two 1+1, two 2+1, three 3+2, seventeen 4+2, one 4+3, four 5+2, two 5+3. 75% of the project's unit mix are 4 bedrooms and 5 bedrooms, which makes this a fantastic opportunity for Co-Living! 4 units are reserved for Very Low Income tenants and one unit for Extremely Low Income tenants. The property is about a half mile south of the LA Coliseum and Banc of California Stadium, in the backyard of USC and a mile to the Exposition Light Rail Line Station, all a hop and a skip away for future residents. Easy access to 110 & 10 freeways will make an easy commute to DTLA and everywhere else in Los Angeles. The property has the new APN 5019-006-032 that was created from the merger of the two previous APNs (the listed APN no longer exists).
Exterior Features

Cross Streets Between Vermont And Hoover. Horse YN No Lot Description 2-4 Lots Lot Location FlatsCity Lot Size Area 14170 Road Frontage 103 View Description Other View YN Yes

Property Features

Cable YN Yes Electric On Site Inclusions 31 Unit + 1 Adu Residential Project Delivered Rti Potential Usage 31 Unit + 1 Adu Residential Project Delivered Rti Present Use Two Ellised Duplexes Public Street YN True Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Street Lights YN True Zoning R3-1 Tier 3

Listing provided courtesy of Dario Svidler DRE#01884474 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-03T12:42:32.993. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211