Active

1517 W 8th Street

Los Angeles CA, 90017

$3,995,000


$309.95 per sqft

Active

0.3 Acres

Land

Listed by Adam Peterson with CB Richard Ellis, Inc.

Ultra Efficient RTI Development Site in City West. The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is permit-ready and will be delivered with all reports, plans and approvals to the selected Buyer. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. The project has been subjected to rigorous underwriting and is conceptualized with an intimate understanding of the market by seasoned local experts. Construction is 7-story type III-A with at- and above-grade parking and approximately 36,000sf of rentable area. A unit mix skewed towards studios and 1-bedrooms meets local demand head-on catering to young professionals and small families looking to live as close to Downtown Los Angeles as possible.

24373943

MLS ID

March 28, 2024

Listed

May 25, 2024

Updated

Map

1517 W 8th Street
Los Angeles CA, 90017

Exterior/Building Features

Lot Size

0.3 Acres


Lot Features

Flat


Sewer

Other

Other Property Details

Area Name

C42 - Downtown L.A.


Days on Market

48


Garage

No


Parking Total

0


View

Yes


View Description

City Lights


County

Los Angeles


Pool

No


Zoning

LAC2

Listing History

Date

Event

Price

5/15/2024

Active

5/8/2024

Under Contract

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:22 AM UTC

 

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