643 San Benito Street
Los Angeles, CA 90033
1740 sqft | 3 beds | 2 baths | 0.15 acres | #24412433
Description
PartnersCRE is proud to present for sale a fully RTI 17 Unit 100% Affordable Housing Development on a 6,514 SF in a gentrifying neighborhood of Boyle Heights. Designed with low-cost efficiencies in mind, this 3-story stacked on-grade design featuring 17 x 1 Bedroom units(for a total of around 11,360 SF of rentable space), along with bike storage. Zero parking spaces will allow a developer to avoid the high cost of on-grade or Subterranean parking in this Very Walkable neighborhood with Excellent Transit (according to Walk Score of 81 "Very Walkable"). The future potential income from this project will benefit from access to the HCD Schedule 6 extremely low income and HUD Schedule 1 low income, which are currently standard in Los Angeles for 100% Affordable Projects. Additionally, the location of this property may attract Section 8 voucher tenants increasing the potential income by around 20% for each unit. Boyle Heights is one of the more centrally located parts of LA within close proximity to Echo Park, Silverlake, Downton LA, Chinatown, and the Arts District, and many more prominent locations.
Interior Details
- Bedrooms3
- Bathrooms2
- Full Baths2
Property Details
- Stories2
Measurements
- Acres0.1495
- Square Feet1740
Construction Details
- Property TypePurchase
Condition
- Year Built1901
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,295,000
Other
- MLS #24412433
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jordan Petito (#CLW-C130285)
Listing Office: Keller Williams Beverly Hills (#CLW-X74054)
