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843 W 82nd St
Los Angeles, CA 90044

$2,995,000 USD

Land For Sale  •  0.21 AC

Property Details

• Property Type Land
• Lot Size 0.21 AC
• Zoning R3

64 Transit Score

72 Walk Score

Highlights

The Neema Group is pleased to present an affordable housing development opportunity at 843 W 82nd St, located between S Vermont Ave and S Hoover St

The 9,301 SF lot will be delivered fully entitled for 87 income-restricted housing units and 1 manager unit with no parking required

Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for a developer

The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately

The finished project totals 48 ,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms

The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project

Property Flyers

82nd.843 OM

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	14 min	-	8.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	9.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	8.4 mi
Long Beach (Daugherty Field)	23 min	-	16.5 mi
Bob Hope	33 min	-	24.0 mi