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    836 W 42Nd Place

    Los Angeles (City), CA 90037
    • $2,250,000
    • STATUS: Active
    • ON SITE: 53 Days
    • ID#: 21779004
    UPDATED: 15 min ago
    $2,250,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T09:25:16.403. 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 deemed reliable but is not guaranteed accurate by the MLS or Swack Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
    www.swackrealestategroup.com/homes/121018071
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    836 W 42Nd Place Los Angeles (City), CA 90037

    • Price: $2,250,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 21779004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    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.
    Exterior Features

    View None View YN No

    Property Features

    Additional Parcels YN Yes Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Sewer Other Special Listing Conditions Standard Zoning R3-1

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T09:25:16.403. 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 deemed reliable but is not guaranteed accurate by the MLS or Swack Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
     
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