142 Mountain View Ave Los Angeles, CA 90057

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.