16101 S Figueroa St Los Angeles, CA 90248

$2,250,000
Los Angeles, CA   90248
0 Beds, 0.0 Baths, 0 sq ft, 20,366 sq ft lot, Built in 0
16101 S Figueroa St, Los Angeles, CA 90248 Photo 0
16101 S Figueroa St, Los Angeles, CA 90248 Photo 1
0 Beds,
0.0 Baths,
0 sq ft,
20,366 sq ft lot
Built in 0

Description

MLS# PW18285635

There is an awesome update about the transformer situation below! 36-Unit Apartment Entitlement Project 16101 S Figueroa St Los Angeles 90248 (Google Maps Link) SW Corner of Figueroa and Alondra (not in Gardena, its in L.A. proper) APN: 6120-023-033 (new building location) APN: 6120-023-034 (park/picnic area, small strip of land) Lot Size: 20,366 SF (19,417 SF + 949 SF) 36 Units, All 3 bed, 2 bath 33 Market Units 3 Restricted Units (VLI Rental Rate, Part of CA Bonus Density Program) 2 Parking Levels 4 Residential Stories Over $700,000 paid in just professional and city fees including architect, engineering, government fees Planning: Approved Public Hearing: Passed Structural: Approved Grading: Approved Shoring: Approved Fire Architectural: Approved Building Architectural: Virtually Approved (only 2 simple annotative changes) Market Rent $2641 (33x) Using L.A. Section 8 Rental Amount (for certainty of a rental amount that can be obtained) Restricted Rent $900 (3x) Estimated HUD Amount Gross Monthly Rent Estimate: $89,853 Gross Annual Rent Estimate: $1,078,236 Market Value as Built: 17.5M (Estimate 878K Net with 5% Cap) Transformer Scenario: Great News! DWP has given permission to use the smaller transformer (1200 amps instead of 1600), which allows the project to continue without a redesign because there is now enough space for the pad and its required space clearances. Listed by Bret Lewis, Bret Lewis, Broker.

Description

MLS# PW18285635

There is an awesome update about the transformer situation below! 36-Unit Apartment Entitlement Project 16101 S Figueroa St Los Angeles 90248 (Google Maps Link) SW Corner of Figueroa and Alondra (not in Gardena, its in L.A. proper) APN: 6120-023-033 (new building location) APN: 6120-023-034 (park/picnic area, small strip of land) Lot Size: 20,366 SF (19,417 SF + 949 SF) 36 Units, All 3 bed, 2 bath 33 Market Units 3 Restricted Units (VLI Rental Rate, Part of CA Bonus Density Program) 2 Parking Levels 4 Residential Stories Over $700,000 paid in just professional and city fees including architect, engineering, government fees Planning: Approved Public Hearing: Passed Structural: Approved Grading: Approved Shoring: Approved Fire Architectural: Approved Building Architectural: Virtually Approved (only 2 simple annotative changes) Market Rent $2641 (33x) Using L.A. Section 8 Rental Amount (for certainty of a rental amount that can be obtained) Restricted Rent $900 (3x) Estimated HUD Amount Gross Monthly Rent Estimate: $89,853 Gross Annual Rent Estimate: $1,078,236 Market Value as Built: 17.5M (Estimate 878K Net with 5% Cap) Transformer Scenario: Great News! DWP has given permission to use the smaller transformer (1200 amps instead of 1600), which allows the project to continue without a redesign because there is now enough space for the pad and its required space clearances. Listed by Bret Lewis, Bret Lewis, Broker.

Area
AREA: 699 - Not Defined
COUNTY: LA
Building Info
VIEW: Neighborhood
Exterior Features
LOT: Corner Lot, Lot 20000-39999 Sqft, Yard
Community
HOA DUES 1: 0.00
COMMUNITY: Curbs, Gutters, Sidewalks, Urban
Land
ZONE: LAC2
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