20460 Sherman Way, Winnetka, CA 91306

Asset 2home
Land
(Other)
Layer 1scale
0.3843 Acres
$5,900,000

Property Description

Located on the corner of Mason Avenue and Sherman Way in Winnetka California, this 59 unit development project offers investors a large reduction in construction costs. The shoring is in for the subterranean parking (12 foot). There is nothing to tear down, and several laterals are stubbed out for the plumbing and the sewer. The completed architectural plans are based on using the TOC-Tier 1 density bonus which includes five affordable housing units. The site is located next to LA Metro bus stops and is an 18 minute walk to a dedicated Bus Rapid Transit line (BRT) on Victory Boulevard and Mason Avenue. The project includes 59 units, with 38 (1+1) and 21 (2+2), as well as amenities such as a leasing office, gym, recreation room, sun deck area with a spa/jacuzzi, community garden, barbecue, some picnic tables, lounge chairs, and a badminton court.The zoning is [Q]C4-1VL-RIO with a strip to the east that is P-1VL-RIO in a TOC Tier 1. ***Please contact us for an OM***

Contact Details

Name : Kelly

Email :

Agent phone no : (310) 836-3638
Office Name : KW Advisors
Office phone no : (310) 482-2200
Office MLS Id : X74717

Listing URL :

Copyright © 2023 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2022 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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