Skip To Content

3329 Whittier Blvd

Los Angeles, CA 90023
  • $1,350,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 24-394843
UPDATED: 87 min ago
$1,350,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

The Neema Group is pleased to present a development opportunity at 3329 Whittier Blvd in the Boyle Heights neighborhood of Los Angeles, located just west of Lorena St. The vacant lot totals 8,037 SF and is zoned C1.5-1-CUGU in a Tier 3 TOC. The property is RTI for 32 units, featuring a unit mix of 28 one-bedrooms (approximately 470 SF) and four two-bedrooms (approximately 515 SF); four of the one-bedroom units will be set aside as deed-restricted extremely low income units. Opportunity to acquire a RTI TOC project with only four deed-restricted units with the ability to benefit from the affordable housing landscape in Los Angeles by capturing Section 8 rents and utilize no parking requirements via AB 2097. Offered at a low $42,188 per buildable unit and $168 per square foot at the asking price; no tenant relocation required. Close proximity to schools including Lorena Street Elementary and Robert Louis Stevenson Middle School, employment in the Arts District, Vernon, and Downtown Los Angeles, and transit options such as the Metro L Line and Metro Local Line stops at Lorena & Whittier; this location makes it convenient for residents to commute throughout the city even without a vehicle. The Boyle Heights neighborhood remains a desirable area to invest and build as approximately 75% of the 95,000 residents choose to rent.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-13T20:42:59.927. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/150782954
Print Image

3329 Whittier Blvd Los Angeles, CA 90023

  • Price: $1,350,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 87 min ago
  • MLS #: 24-394843
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
The Neema Group is pleased to present a development opportunity at 3329 Whittier Blvd in the Boyle Heights neighborhood of Los Angeles, located just west of Lorena St. The vacant lot totals 8,037 SF and is zoned C1.5-1-CUGU in a Tier 3 TOC. The property is RTI for 32 units, featuring a unit mix of 28 one-bedrooms (approximately 470 SF) and four two-bedrooms (approximately 515 SF); four of the one-bedroom units will be set aside as deed-restricted extremely low income units. Opportunity to acquire a RTI TOC project with only four deed-restricted units with the ability to benefit from the affordable housing landscape in Los Angeles by capturing Section 8 rents and utilize no parking requirements via AB 2097. Offered at a low $42,188 per buildable unit and $168 per square foot at the asking price; no tenant relocation required. Close proximity to schools including Lorena Street Elementary and Robert Louis Stevenson Middle School, employment in the Arts District, Vernon, and Downtown Los Angeles, and transit options such as the Metro L Line and Metro Local Line stops at Lorena & Whittier; this location makes it convenient for residents to commute throughout the city even without a vehicle. The Boyle Heights neighborhood remains a desirable area to invest and build as approximately 75% of the 95,000 residents choose to rent.
Exterior Features

Lot Size Area 8026 View Description None View YN No

Property Features

Cable YN No Disclosures None Sale Type Standard Source Lot Size Area Other Zoning LAC1.5

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap: 310-909-5500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-13T20:42:59.927. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_24-394843-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_24-394843-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_24-394843-2.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210