Los Angeles, CA 90029,1108 Manzanita Street
Los Angeles, CA 90029,1108 Manzanita Street
Los Angeles, CA 90029,1108 Manzanita Street
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$2,995,000
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7,688 Sqft Lot
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1108 Manzanita Street Los Angeles, CA 90029

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25501063

HOA Y/N No

Lot Size 7,688 Sqft

Acres 0.18

Property Sub-Type Unimproved Land

Property Description

Outstanding 54-Unit 100% Affordable Housing Development Opportunity, RTI at COE in a highly desirable Silver Lake location near Sunset Junction. This prime project is located on a 7,688 SF lot and is designed as a five-story Type IIIB building under AB 1763 incentives, allowing unlimited density for affordable housing. With a total proposed floor area of 25,750 SF, the development includes 28 studio apartments and 26 one-bedroom units, all designated for affordable housing. The unit breakdown consists of 2 very low-income units, 40 low-income units, 11 moderate-income units, and 1 market-rate manager's unit. The design eliminates the need for parking, further reducing construction costs and ensuring long-term affordability. The residential units range from 280-460 SF, designed to maximize affordability while optimizing rental income per square foot. Located in the heart of Silver Lake, just minutes from Sunset Junction, this property offers an unmatched urban lifestyle with trendy cafes, boutique shops, and top-tier dining within walking distance. Its prime Transit-Priority Zone location ensures seamless connectivity, with multiple bus lines and metro access nearby. Additionally, the area boasts an exceptional Walk Score of 95, allowing residents to fully embrace a car-free lifes

Location

State CA

County Los Angeles

Zoning RD2-

Interior

Fireplace No

Exterior

View Y/N false

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Building

New Construction No

Others

Tax ID 5429010014


Bridge MLS
Listed by Jordan Petito • Keller Williams Beverly Hills

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agent

Vid Cotarta

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+1(510) 410-3999

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1108 Manzanita Street