836-842 W. 42nd Place, Los Angeles, CA 90037

$2,500,000.00
For Sale
836 W 42nd Pl, Los Angeles, CA 90037, USA
1473 Property ID
14,163 SqFt Size
836-842 W. 42nd Place, Los Angeles, CA 90037
836-842 W. 42nd Place, Los Angeles, CA 90037

Description

Owner Motivated! 
The subject site offers a developer a rare opportunity to purchase a ready to issue (RTI) 31 unit development site located within one mile of the University of Southern California campus.  The development is unique in the sense that the majority of the units are large 4 and 5 bedroom units, making it ideal for student housing, co-living, section 8 housing, or standard leasing.  The property sits mid-block in a TOC Tier 3 zone and is surrounded by multiple Metro stops.  A developer could benefit tremendously by building in this location, given the relative lack of competition from other new development projects in the immediate submarket.
Property Highlights
  • Project Sold RTI for 31 large units
  • Most Units are large 4 and 5 bedroom units
  • No Subterranean Parking Required- All Parking is On-Grade
  • Excellent Student Housing Development Site, Located one mile from USC
  • Excellent Co-Living Development Site, large units and close to campus, and Downtown LA.
  • Excellent Section 8 Development Site.  Section 8 Housing will likely grow in popularity as a recession-safe strategy for developers.
  • Located in a TOC Tier-3 Zone.
  • Per CoStar, there are only 12 development sites either Under Construction or Proposed in the 90037 zip code.
  • Other nearby amenities include Back of California Stadium, LA Coliseum, Staples Center and LA Live.

Address

  • Address 836 W 42nd Pl, Los Angeles, CA 90037, USA
  • Country United States
  • Postal code/ZIP 90037
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Overview

  • Property ID 1473
  • Price $2,500,000.00
  • Property Type
  • Property status
  • Size 14,163 SqFt
  • Zoning TOC Tier-3
  • Entitlement Status Project Sold RTI for 31 large units

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Contact

Oron Maher

Oron Maher

Property Agent

275 S Beverly Dr, Beverly Hills, CA 90212, USA
(310) 464-1453
MaherCR.com

Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093

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