We are proud to present a rare opportunity for a developer to acquire an 85-unit, seven-story development project situated in the vibrant Westlake district, just minutes away from Downtown Los Angeles. This remarkable offering encompasses three assembled lots, totaling19, 921square feet of prime land. The proposed development spans an impressive64, 759square feet and comprises seventy-nine (79) one-bedroom, one-bath units, as well as six (6) two-bedroom, two-bath units. Notably, the project incorporates forty-three (43) conveniently located parking spaces within the first two stories of the building, eliminating the need for subterranean parking. Seventy-three (73) of the proposed units will beMARKETrate while there are eight (8) very low income and four (4) extremely low income affordable units. It's worth mentioning that the…
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The average household income in
Los Angeles, CA
grew
from
$60,197
to
$62,474
in the past year. This data is an estimate based upon
1,4M
households in
Los Angeles, CA. The chart below presents how household income is distributed in
Los Angeles, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Los Angeles, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Los Angeles, CA
equals
$3k+
, which is
more
than the national average.