643 San Benito Street, Los Angeles
Los Angeles Home For Sale
PartnersCRE is proud to present for sale a fully RTI 17 Unit 100% Affordable Housing Development on a 6,514 SF in a gentrifying neighborhood of Boyle Heights. Designed with low-cost efficiencies in mind, this 3-story stacked on-grade design featuring 17 x 1 Bedroom units(for a total of around 11,360 SF of rentable space), along with bike storage. Zero parking spaces will allow a developer to avoid the high cost of on-grade or Subterranean parking in this Very Walkable neighborhood with Excellent Transit (according to Walk Score of 81 "Very Walkable"). The future potential income from this project will benefit from access to the HCD Schedule 6 extremely low income and HUD Schedule 1 low income, which are currently standard in Los Angeles for 100% Affordable Projects. Additionally, the location of this property may attract Section 8 voucher tenants increasing the potential income by around 20% for each unit. Boyle Heights is one of the more centrally located parts of LA within close proximity to Echo Park, Silverlake, Downton LA, Chinatown, and the Arts District, and many more prominent locations.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90033
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- MLS® #:
- 24412433
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- Bedrooms:
- 3
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- Bathrooms:
- 2
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- Square Ft:
- 1,740
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- Lot Size:
- 0.15
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- Levels:
- Three Or More
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 14th, 2024 at 12:20pm 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.