836 West 42Nd Place
836 West 42Nd Place Los Angeles, California 90037 United States

$2,250,000
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836 West 42nd Place, Los Angeles is a high profile 31-unit plus one ADU TOC development opportunity located in prime South Figueroa Corridor, Los Angeles, CA. The project presents the opportunity to build up to 31 units plus one ADU utilizing LA...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$2,250,000
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.32 Acres
Exterior
Land
Property type
21779004
Web Id
21779004
MLS ID
Los Angeles Unified
School District
17
days ago

About 836 West 42Nd Place

836 West 42nd Place, Los Angeles is a high profile 31-unit plus one ADU TOC development opportunity located in prime South Figueroa Corridor, Los Angeles, CA. The project presents the opportunity to build up to 31 units plus one ADU utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. The Program offers several development incentives, including a 70% Density Bonus, and an increase in FAR and height. The property is excellently located near a myriad of educational institutions, retail, transit, and job opportunities due to its location just south of USC & Downtown LA with easy access to the 10, 110 & 105 Freeways. 42nd Pl is surrounded by amenity rich locations including Downtown Los Angeles, the USC Campus, the LA Memorial Coliseum and South LA all within 4 miles. Hundreds of units and hundreds of thousands of square feet of commercial space are in construction or proposed within the immediate 5 miles of the subject property including the The Fig, which once completed will bring 330 apartments and more than 60,000 SF of retail to the area surrounding the Banc of America Stadium. The George Lucas Museum project, located 1 mile north, will bring more than 300,000 square feet of state-of-the-art museum space as well as more than 11 acres of green open space. Many large employers reside in the immediate area including University Park, Kaiser Permanente of Southern California, and UPS to name a few. In 2019, USC completed its expansion of the University Village consisting of 115,000 SF of commercial floor area consisting of a Target and a Trader Joes.

Listing Courtesy of Neema Ahadian, Marcus & Millichap, 01346750, Active

PROPERTY INFORMATION

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836 West 42Nd Place, Los Angeles, California 90037 United States is a Land for Sale for $2,250,000.   on a lot of .32 Acres ( m2) and it's composed from .


Listing Courtesy of Marcus & Millichap

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.