CALL FOR OFFERS - Submitted All Offers On or Before February 13th at 5 PM
The Occidental Development Site is a fully entitled 48 unit multi-family development site that includes approved plans. The property is situated in the city of Los Angeles transit-oriented communities (TOC) zone 1. The property could be re-entitled for upwards of 74 units. The property is ready for immediate construction as it is currently in RTI condition. No low income units are required as the property was entitled by-right with no density bonus and the existing structures are vacant and ready for demolition. The approved plans consist of 48 units in a structure that is four stories of apartments over one level of on-grade parking and one level of subterranean parking for a total of 72 vehicles. The unit mix consists of 32
one-bedrooms with one-bathroom averaging 645 square feet and 16 units that are two-bedrooms with two-bathrooms averaging 966 square feet per the plans. Buyers are to verify the development potential of the property and review the plans as well as all costs involved in the proposed development independently. The property is situated in the Koreatown area of Los Angeles just west of Downtown and close to the border of
Senior Managing Director
CA BRE License #01290116
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx
South Bay Los Angeles Office
2321 Rosecrans Avenue, Suite 3235
El Segundo, California 90245 // T. 424.239.5900
© 2017 :: Berkadia
Berkadia® is a trademark of Berkadia Proprietary Holding LLC.