1550 Pleasant Avenue, Los Angeles (City)

$3,100,000

0 Beds
0 Baths
45,844 Sqft
15,918 Lot Sqft
0 Garages

PROPOSED BUILD: 34 Apartments consisting of a mix with one studio, nine 1 bedrooms, eight 2 bedrooms, fourteen 3 bedrooms and two 4 bedroom units, all with 1 to 4 baths (see plans), Plus additional office space and a 420' room for recreational applications. Note: four units to be set aside for Affordable Housing. All units are designed with upgraded finishes, luxury flooring, stainless steel appliances and in unit washer and dryers and private balconies. Plenty of open space common area and rooftop deck for the tenants to enjoy. Boyle Heights is a seamless fit and prime for business and residential development. Pleasant View is a design of 5 levels of residential living and one level of proposed on grade parking (25 Autos). The total proposed building area is 52,311 sqft with a rentable area of 45,844 sq ft.
ALTERNATIVE BUILD - Take Advantage of this Fully Entitled 34 Unit project an start from scratch to build 34 economically sized units (850 +/-sqft) utilizing the R3 zone and TOC/Tier 3 designation with an Affordable or Low Income Housing Project. Section 8 and Veterans (VASH) programs both Federally funded and guaranteed will pay up to $2,328 for 2 bedroom and $3,123 for 3 bedrooms apartments. This means guaranteed income through all types of financial markets, up and down. Utilize of the existing approved Soils Report, DWP Encroachment Application completed and cleared, paid Highway Dedication fees and cleared fire hydrant and access.

Essential Information
MLS® #SR20152942
Price$3,100,000
Bathrooms0.00
Square Footage45,844
Lot Sqft15,918
Acres0.37
Year Built2020
TypeResidential Income
StatusActive
No of Units34
Community Information
Address1550 Pleasant Avenue
AreaBoyle Heights (BOYH)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90033
Amenities
Parking Spaces25
Interior
StoriesThree Or More Levels
Lot Description

0-1 Unit/Acre, Lot 10000-19999 Sqft

Additional Information
Date ListedJuly 30th, 2020
Days on Market2
ZoningLAR3
Listing Details
AgentEdgar Koenig(00831815)
OfficeEd Koenig IRE
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of August 3rd, 2020 at 12:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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