For Sale
$1,295,000

142 Mountain View AveLos Angeles, CA 90057

22-Unit RTI Project, Los Angeles

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a ready-to-issue (RTI) 22-unit affordable housing development in Los Angeles' desirable Westlake area. Situated on a 6,243 square foot lot, the three-story building boasts 12,780 square feet of gross floor area and 9,947 square feet of net rentable space. Constructed with Type V-B materials, the building meets safety standards while maintaining affordability. The unit mix includes 16 low-income units (TCAC Schedule IX), 5 moderate-income units (HCD Schedule VI), and 1 market-rate manager's unit. Rent amounts are detailed in the respective schedules. The property's location offers potential for Section 8 voucher tenants, increasing income potential. With a Walk Score of 89 ("Very Walkable"), the development is conveniently located near public transportation, providing easy access to Downtown LA and other key areas. The RTI status significantly streamlines the development process, making this a unique opportunity to contribute to Los Angeles' housing needs in a high-demand area. The property is zoned R3-1 and its APN is 5154004016. The asking price is $1,295,000.

Highlights

  • 22-unit affordable housing community, fully compliant with all relevant regulations.
  • Type V-B construction with a stacked design.
  • Three-story walk-up building.
  • Utilizes HCD Schedule VI and TCAC Schedule IX rent schedules.
  • Walk Score of 89, considered "Very Walkable".

Property Details for 142 Mountain View Ave

Property type
Land

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0651438
Longitude
-118.2700894
142 Mountain View Ave, Los Angeles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
142 Mountain View Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message