Presented for sale is a project approved for 53 rental units in the gentrifying neighborhood of Rampart Village. Central to all that Los Angeles has to offer, Rampart Village is seeing investments across all asset classes including new restaurants, nightlife, new for-sale homes, apartments and much more.Covering over 16k square feet of R4 land, the site has already been scraped and is ready for development with a Determination Letter for Density Bonus/Affordable Housing Incentives Program (8 restricted affordable units using SB2222), 53 parking spaces and FAR of 3.5:1 (41,014 sf). Approved unit mix is for 10 studio, 25 one-bedroom, 12 two-bedroom and 6 three-bedroom units.While current entitlements are for a great project, a new owner might be interested in using TOC incentives for higher unit counts (66± potential) or several other options available under the guidelines. Lots were tied to create new APN: 5155-021-027. Double Lot next door also available.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
