16 Unit RTI Development Site | Near USC Campus
Considering selling? Get a complimentary, confidential valuation.
The successful land sale of 4324 S Vermont Avenue located in Los Angeles, less than one 1 mile from the USC campus.
Deal Summary
The Offering consists of 6,132 square feet of vacant land, zoned C2-1VL-CPIO and is a Tier 3 TOC corner lot with alley access. The Subject property is being sold with fully approved RTI (Ready-to-Issue) plans to build a 5-story, 16 unit apartment building. All units will be 3 Bedroom and 2 Bathroom, about 940 square feet in size with open layout and washer/dryer hookups. 12 of the 16 units will feature its own private balcony and parking will be on-grade (street level). Approved total building area will be 17,121 square feet with a approved floor area of 15,791 square feet. The approved housing covenant allows 14 units to be rented at market rent and 2 units to be rented at the affordable housing rate.
LAAA Team's Land Sales
In total, we have closed 50 land deals in our career combining for more than $111M in volume.
With this very strong year in terms of land sales, we are proud to share that we have broken into the Top-10 for Marcus & Millichap's nationwide agent ranks for land sales in 2021.
Closing
