Presented for sale is a 26 Residential Unit Ready-to-Issue Development Opportunity in Mid-Wilshire. Situated on Spaulding Ave. between San Vicente Blvd and Whitworth Dr., this 9,993 SF R3-1 Tier 3 lot has its longest side at a 20 foot wide alley. Currently housing a Single Family Residence, this property comes with No RSO and No need to Ellis. This Project is Fully RTI! Mechanical, Electrical and Plumbing Plan Checks are all complete! The Letter of Determination was issued in 2019, which calls for 3 ELI Units. Consisting of fourteen 2+2s, eleven 3+3 (including two townhouse units) and one 1+1, the unit mix should rent quickly in this very-in-demand Very Walkable neighborhood a short distance to the under-construction Fairfax/Wilshire Metro Subway Station. The Project consists of six levels of housing (the ground level split between housing and parking) over one level of subterranean parking (32 parking spaces total). The 28,590 SF of Rentable Square Footage is designed with Type 3 Over Type 1 Construction. This building will tower over most properties in the area. This tremendously central location surrounded by tons of restaurants, nightlife and shopping, is walking distance to LACMA, the Petersen Automotive Museum, the Academy Museum, The Grove and The Farmers Market. Easy access to DTLA, Beverly Hills, and the whole Westside.
