Property Description

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

Features
: See Remarks
Address Map
Rampart
329
Boulevard
0
W119° 43' 13.1''
N34° 3' 56.6''
S
MLS Addon
CLW-C101197
R4-1 Tier 2
CLW-X7755901
116x140
: Standard
Listing Credit:
Dario
Svidler
Compass

Land

329 Rampart Boulevard, Los Angeles, California 90057

0.37 Acre
$4,900,000
Listing ID #19428874
Basic Details
Property Type : Land
Listing ID : 19428874
Price : $4,900,000
Rooms : 0
Lot Area : 0.37 Acre
Price Per Square Foot : $301
Lot Size Square Feet : 16,263 Sqft
Status : Active
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