40 Unit RTI - Existing Autobody & Spray Booth | 649-701 W Vernon Ave
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40 Unit RTI - Existing Autobody & Spray Booth 649-701 W Vernon Ave
2,451 SF 100% Leased Retail Building Los Angeles, CA 90037 $4,336,710 CAD ($1,769 CAD/SF)
Investment Highlights
- 40 Units RTI - 4 Story 100% Affordable Development
- Just South of USC
- Existing Autobody with Spray Booth on 9,619 SF Lot
Executive Summary
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
PCS Group is pleased to exclusively present for sale a 40 Unit RTI, 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. Currently an existing autobody with spray booth, the offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit.
This offering consists of 9,619 square feet of land, zoned C2,and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.
PCS Group is pleased to exclusively present for sale a 40 Unit RTI, 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. Currently an existing autobody with spray booth, the offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit.
This offering consists of 9,619 square feet of land, zoned C2,and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,451 SF
Building Class
C
Year Built
1925
Price
$4,336,710 CAD
Price Per SF
$1,769 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.11 AC
Zoning
LAC2 - C2-1VL-CPIO
Frontage
86 ft on Vernon Ave
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5019-009-030 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,118,201 CAD | Total Assessment | $2,118,201 CAD |
PROPERTY TAXES
Parcel Number
5019-009-030
Land Assessment
$2,118,201 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,118,201 CAD
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40 Unit RTI - Existing Autobody & Spray Booth | 649-701 W Vernon Ave
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