RTI 65-Unit Apartment Development | East Hollywood Opportunity Zone

Description:

Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood (90029) with building and grading permits issued and stamped plans that convey. Approved for 31 studios + 34 one-bedrooms across a six-story building totaling +/-48,525 buildable SF; fourteen rec rooms convert to ADUs for a path to 79-81 units. R4-1VL, Tier 3 TOC (4.5:1 FAR, 67 ft), zero required parking under AB 2097. CEQA-exempt (SB 35), by-right - no discretionary hearings remain. Federal Opportunity Zone for capital-gains deferral/exclusion. The lower level is semi-subterranean - no deep excavation or shoring/lateral support required, cutting construction cost and schedule versus a fully subterranean garage. The site is vacant and cleared (all prior structures demolished). Walk to the Vermont/Santa Monica Metro B Line; adjacent to the Echelon Studios mega-development. Offered at $4,490,000.

DISCLAIMER: All renderings are AI-generated conceptual illustrations of the proposed development, not photographs of existing improvements. Information from sources deemed reliable but not guaranteed; offered strictly AS-IS, WHERE-IS, with all faults and no warranty. Buyer to perform its own independent due diligence and verify all information and claims. Buyer assumes all risk.