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Affordable projectsSilver Lake

1108 Manzanita St, Los Angeles — 54-Unit Affordable Housing for sale

Available

1108 Manzanita St

Los Angeles, CA 90029

$2,350,000

54-Unit Affordable Housing in Silver Lake

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Property details

Category
Affordable Housing
Units
54
Lot
7,688 SF
Building
25,750 SF
Price / unit
$43,519
Zoning
RD2-1VL
APN
5429-010-014

Offering memorandum

Shared deal rooms

Highlights

  • 54 units, ready to issue at close of escrow
  • 100% affordable, except the manager’s unit
  • Five stories on a 7,688 SF irregular lot near Sunset Junction
  • About 25,750 SF gross and 19,750 SF rentable
  • 28 studios and 26 one-bedrooms
  • Zoned RD2-1VL. APN 5429-010-014

A 54-unit affordable project near Sunset Junction in Silver Lake, to be delivered ready to issue and vacant at close of escrow. Asking price is $2,350,000, which the cover describes as about $43,500 per unit.

The lot is 7,688 square feet, irregular, on an alley off a cul-de-sac. Gross floor area is 25,750 square feet and rentable area is 19,750 square feet, in a five-story Type III-B building. The mix is 28 studios and 26 one-bedrooms. The income mix is 2 very-low-income units, 40 low-income units, 11 moderate-income units, and 1 market-rate manager’s unit. Zoning is RD2-1VL. APN 5429-010-014.

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Opens an email to jordan@petitocre.com.

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