PartnersCRE is proud to present for sale a ready-to-issue (RTI) 22-unit, 100% affordable housing project on a 6,243 SF lot in the desirable Westlake area of Los Angeles. The proposed development features a total of 12,780 SF of gross floor area, with 9,947 SF of net rentable square footage. This 3-story building is constructed with Type V-B materials, ensuring compliance with safety standards while maintaining affordability. Each unit is designed with efficiency in mind, offering a quality living experience in a compact space. The affordable housing breakdown includes 16 low-income units (TCAC Schedule IX), 5 moderate-income units (HCD Schedule VI), and 1 market-rate manager's unit. The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The Westlake location situates this project within walking distance to multiple public transportation routes, connecting residents to Downtown LA and other key areas. The development is ideal for residents who rely on public transit, with a Walk Score of 89, classifying it as "Very Walkable." The project's RTI status streamlines the development process, providing a unique opportunity to deliver affordable housing in a high-demand area. With its efficient layout, affordability, and convenient location, this Westlake development is positioned to become a valuable addition to Los Angeles' housing landscape.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.14 Acres
Other
Directions Information:
Directions: Beverly Blvd and Alvarado St
Price Information
Listing Price Info
Price Summary:
List Price: $1,295,000
Tax Information:
Annual Amount: $919
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $271.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24406801
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$919
$61,203
2020
$896
$60,576
2019
$862
$59,389
2018
$847
$58,225
2017
$847
$57,084
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.20 miles
Public District Grades PK-5
4
/10
N.E.W. Academy of Science and Arts
379 Loma Dr
Distance between this listing and this school0.47 miles
Public Charter Grades KG-5
4
/10
Rosemont Avenue Elementary
421 Rosemont Ave
Distance between this listing and this school0.48 miles
Public District Grades 2-5
Nearby Schools
5
/10
Citizens of the World Charter School Silver Lake
110 N Coronado St
Distance between this listing and this school0.42 miles
Public Charter Grades KG-8
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.47 miles
Public District Grades 6-8
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.69 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Harris Newmark Continuation
1575 W 2nd St
Distance between this listing and this school0.47 miles
Public District Grades 9-12
3
/10
Belmont High School
1575 W 2nd St
Distance between this listing and this school0.47 miles
Public District Grades 9-12
8
/10
Alliance Ted K. Tajima High School
1552 Rockwood St
Distance between this listing and this school0.51 miles
The neighbors living near this home have an average income of $20,649. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 142 S Mountain View Ave
What is the listing price of this property?
The listing price of 142 S Mountain View Ave property is $1,295,000.
What type of property is this?
The property 142 S Mountain View Ave is land located in Los Angeles, California, 90057.
Is this property for sale now?
Active Listing: 142 S Mountain View Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $919 (source: MLS/based on county public records data).
How much acreage is this property?
The property 142 S Mountain View Ave is 0.14 acres.
Interested in 142 S Mountain View Ave? Let's connect.
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This home is located at 142 S Mountain View Ave in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This home sits on a 0.14 acre lot. It has been listed on Rocket Homes since June 28, 2024 and is currently priced at $1,295,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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