Active
1108 Manzanita St
Los Angeles CA, 90029
$2,995,000
$389.57 per sqft
Active
0.18 Acres
Land
Outstanding 54-Unit 100% Affordable Housing Development Opportunity, RTI at COE in a highly desirable Silver Lake location near Sunset Junction. This prime project is located on a 7,688 SF lot and is designed as a five-story Type IIIB building under AB 1763 incentives, allowing unlimited density for affordable housing. With a total proposed floor area of 25,750 SF, the development includes 28 studio apartments and 26 one-bedroom units, all designated for affordable housing. The unit breakdown consists of 2 very low-income units, 40 low-income units, 11 moderate-income units, and 1 market-rate manager's unit. The design eliminates the need for parking, further reducing construction costs and ensuring long-term affordability. The residential units range from 280-460 SF, designed to maximize affordability while optimizing rental income per square foot. Located in the heart of Silver Lake, just minutes from Sunset Junction, this property offers an unmatched urban lifestyle with trendy cafes, boutique shops, and top-tier dining within walking distance. Its prime Transit-Priority Zone location ensures seamless connectivity, with multiple bus lines and metro access nearby. Additionally, the area boasts an exceptional Walk Score of 95, allowing residents to fully embrace a car-free lifestyle. With all entitlements and approvals secured, the project will be delivered in Ready-to-Issue status and will be delivered vacant at the close of escrow, providing an immediate and seamless path to development.
25501063
MLSⓇ ID
March 4, 2025
Listed
March 5, 2025
Updated
Exterior/Building Features
Lot Size
0.18 Acres
Other Property Details
Area Name
Silver Lake - Echo Park
Garage
No
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
RD2-1VL
Listed by Jordan Petito with Keller Williams Beverly Hills
Listing Contact: 310-497-4362
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lorissa Singleton shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 3/5/2025