820 S Lake Street, Los Angeles, CA 90057

Local realty services provided by:ERA North Orange County Real Estate
820 S Lake Street,Los Angeles, CA 90057
$1,460,000
  • 0.13 Acres
  • Lots / Land
  • Active
Listed by:filip niculete
Office:marcus & millichap
MLS#:25548951
Source:CRMLS

Price summary

  • Price:$1,460,000

About this home

The LAAA Team at Marcus & Millichap is pleased to present an exceptional opportunity to acquire 820 S Lake Street, a fully RTI affordable housing development project located in the heart of Westlake, Los Angeles. Situated on a 5,860-square-foot lot, the property is delivered with Ready-to-Issue (RTI) permits for a 33-unit, 100% affordable multifamily project. The rents for the 24 low-income units are based on the most recent Schedule I and Schedule 6 rent limits from HUD.The proposed six-story building will consist of five levels of Type IIIA construction over a Type IA concrete podium, maximizing density and long-term durability. Strategically located near the intersection of Lake Street and 8th Street, the site lies just two blocks from MacArthur Park and within close proximity to Downtown Los Angeles and Koreatown.The development will feature 33 well-appointed apartment units designed with modern finishes and high-quality amenities, including in-unit dishwashers, 35 bicycle parking

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Home facts

  • Listing ID #:25548951
  • Added:110 day(s) ago
  • Updated:September 21, 2025 at 01:19 PM

Structure and exterior

  • Lot area:0.13 Acres

Finances and disclosures

  • Price:$1,460,000
Based on information from California Regional Multiple Listing Service, Inc. as of September 24, 2025 . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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