142 Mountain View AveLos Angeles, CA 90057

  • Residential income properties
For Sale
$1,295,000 View listing

Property Details for 142 Mountain View Ave

Property type
Residential income properties
Property subtype
Other land

Description

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.

142 Mountain View Ave, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0651
Longitude
-118.27

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].