1454 W Florence Avenue,Los Angeles,Los Angeles,Land

Property Description

Partners CRE is proud to present for sale a Ready-to-Issue ED1-vested 31 Unit + 2 Commercial Affordable Housing Project on a 6,500 SF corner lot in a low-density area.Designed with efficiencies in mind, this fully stacked on-grade design features 6 x Studio’s, 22 x 1 bedrooms, 3 x 2 bedroom units, and 2 commercial ground floor retail (for a total of around 19,749 SF of rentable space). The retail component offers a huge amenity to the building allowing the owner to provide services to tenants within the building, ex. a large PATH Office space, a Leasing office, or supportive center.The property features RTI plans that allow a developer to break ground once escrow is closed, and it will be delivered vacant at the close of EscrowThe property is located on Florence between Western and Normandie intersection and has easy access to 110 freeway. This opportunity is about 6 miles south of DTLA, about 3 miles south of Banc of California Stadium & LA Memorial Coliseum, and about 5 miles east of SoFi Stadium.