Development sitesPico-Robertson
Available
8521 Horner Street
Los Angeles, CA 90035
$2,995,000
Reduced from $3,395,000
5-Story RTI Development, 29 Units plus ADUs
InquireProperty details
- Category
- Development
- Units
- 29
- Lot
- 9,800 SF
- Building
- 26,675 SF
- Price / unit
- $103,276
- Zoning
- [Q]R3-1-O
- APN
- 4303-032-022
Offering memorandumBuyer folder
Highlights
- Pico-Robertson, five stories, ready to issue
- 29 base units, with storage that can become ADUs
- ADU option described as 6 studios or 3 larger two-bedroom units
- About 9,800 SF lot and 26,675 SF of residential area
- One level of subterranean parking, about 9,342 SF of parking and bike area
- Reduced from $3,395,000
A five-story multifamily development in Pico-Robertson, on an approximately 9,800-square-foot lot at 8521 Horner Street. The asking price is $2,995,000, reduced from $3,395,000.
The approved plans include 29 base units: one studio, 19 one-bedrooms, seven two-bedrooms, and two three-bedrooms. Storage areas may be converted to ADUs, either six studios of about 425 square feet or three two-bedroom ADUs of about 850 square feet. The memorandum discusses both, so the ADU count is not a single fixed number. Residential area is about 26,675 square feet, with about 9,342 square feet of subterranean parking and bicycle parking. Zoning is [Q]R3-1-O in a TOC tier. APN 4303-032-022. Six of the base units are described as very-low-income. The offering calls the plans ready to issue.
Representation
Agents
Jordan Petito
Senior Vice President, PartnersCRE
- (310) 734-2245
- (310) 497-4362
- jordan@petitocre.com
- DRE 02023714
Navid Toomarian
Senior Associate, PartnersCRE
- (818) 605-4134
- navid@partnerscrela.com
- DRE 02130060
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