8521 Horner Street

A five-story multifamily development in Pico-Robertson, on an approximately 9,800-square-foot lot at 8521 Horner Street. The asking price is $2,995,000, reduced from $3,395,000.

The approved plans include 29 base units: one studio, 19 one-bedrooms, seven two-bedrooms, and two three-bedrooms. Storage areas may be converted to ADUs, either six studios of about 425 square feet or three two-bedroom ADUs of about 850 square feet. The memorandum discusses both, so the ADU count is not a single fixed number. Residential area is about 26,675 square feet, with about 9,342 square feet of subterranean parking and bicycle parking. Zoning is [Q]R3-1-O in a TOC tier. APN 4303-032-022. Six of the base units are described as very-low-income. The offering calls the plans ready to issue.