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MLS:24-412433

643 San Benito, Los Angeles, CA 90033

Priced at: $1,295,000
Bedrooms:
3
Bathrooms (Full):
2
Bathrooms (Half):
0
Living Area SqFt:
1,740 Sq Ft
Lot SqFt:
6,514 Sq Ft
Year Built:
1901
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.

Fees

Features

Equipment/ Appliances:
  • None
Parking:
  • Attached
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MLS: 24-412433
643 San Benito, Los Angeles, CA 90033
Price: $1,295,000
Listing courtesy of Keller Williams Beverly Hills

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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