843 West 82nd Street

Los Angeles, CA 90044

$2,995,000
Price
9,301 / 0.21
Lot Size / Acres
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Description

This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required. The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8....This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required. The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8. Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects. 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 and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave. The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K. C. Price III Christian Schools, and the Algin Sutton Recreation Center.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 843 West 82nd Street

Zoning
LAR3
Parcel Number
6032006020
Area
Metropolitan Southwest (C36)
Lot Size Area
9301
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
6032-006-020
Directions
843 W 82nd is located between S Vermont Ave and S Hoover St in South Los Angeles.
LISTING UPDATED: 10/17/2024 12:39 PM

Property Details for 843 West 82nd Street

StatusActive
MLS #24-358681
Days on Market230
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.21 AC
CountyLos Angeles County

Building Information for 843 West 82nd Street

Lot Size0.21 AC

Property Information for 843 West 82nd Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.2135
  • Lot Size Square Feet: 9301
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 02-15-2024

Property History for 843 West 82nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 843 West 82nd Street

Taxable ValueLand$500,000Additions$211,000Total$711,000
Tax Record2024$8,949 ($746 / month)
Home Facts
Total Finished SqFt1,936 SqFtAbove Grade Finished SqFt1,936 SqFtLot Size9,300 SqFtStyleDuplexYear Built1923ZoningLAR3CountyLOS ANGELESAPN6032-006-020

Schools near 843 West 82nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Manchester Avenue Elementary School
Public - 1 to 6
Mary Mcleod Bethune Middle School
Public - 7 to 8
Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public - 9 to 12
Youth Opportunities Unlimited School
Public - 9 to 12
Rating
School
Distance
Manchester Avenue Elementary School
Public1 to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public9 to 12

Youth Opportunities Unlimited School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 843 West 82nd Street, Los Angeles, CA 90044

843 West 82nd Street is a 0.21 ac of land for sale in Los Angeles, CA 90044. This property was listed for sale on January 22, 2024 by Marcus & Millichap, it's currently listed at $2,995,000. It has been on the market for a total of 230 days and was last sold on November 21, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Manchester Avenue Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 843 West 82nd Street is a 0-bed, 0-bath, 0.21 ac of land on a 9,301 sq. ft. / 0.21 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.