
Coldwell Banker ABR
40355 Murrieta Hot Springs Rd #E, Murrieta CA 92562
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95137515311400 W Miramar StLos Angeles, CA 90026ActiveSave
-1BD
-1BA
8454SqFt
UPDATED
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,454 sqft
Price per Sqft $272
Lot Size 8,276 Sqft
MLS Listing ID 20649166
HOA Y/N No
Property Description
Unique development opportunity located on the western perimeter of Downtown Los Angeles in City West. This 8,454 SF vacant lot is a corner parcel located on Lucas Ave/Miramar St. with views of Downtown LA. The property is zoned R4(CW)-75/3 and has a Tier 2 Transit Oriented Communities (TOC) designation within the Central City West Specific Plan. Current zoning may permit the construction of up to 21 units by-right, with a height restriction of 75 feet and 3:1 FAR. The properties Tier 2 TOC status permits a 60% increase in density, which may allow up to 36 units, 45% increase in FAR and reduced parking requirements. To take advantage of TOC incentives, a percentage of the total units would need to be dedicated to restricted affordable units. Developers who build a project consisting of 100% Restricted Affordable units may go up to Tier 3 TOC.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning R4(CW)-75/3
Exterior
View Y/N Yes
View City Lights
Others
Senior Community No
Special Sale Standard
Lease Land No
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Listing provided by Keller Williams-Santa Monica
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