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20460 Sherman Way

Winnetka, CA 91306
  • $5,900,000
  • STATUS: Active
  • ON SITE: 150 Days
  • ID#: 21-758730
UPDATED: 3 min ago
$5,900,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

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***

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-06T18:43:44.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.corrieluxuryhomes.com/homes/119131408
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20460 Sherman Way Winnetka, CA 91306

  • Price: $5,900,000
  • Status: Active
  • On Site: 150 Days
  • Updated: 3 min ago
  • ID#: 21-758730
0
Beds
0
Baths
0
½ Baths
0.38
Acres
Neighborhood:
Winnetka
County:
Los Angeles
Area:
Winnetka
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***
Exterior Features

Cross Streets Sherman Way & Mason Ave Lot Size Area 16742 View Description None View YN No

Property Features

Cable YN No Sale Type Standard Source Lot Size Area Assessor Zoning Lac4

Listing provided courtesy of Kelly Morgan DRE#01898026 of Keller Williams-Santa Monica.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-06T18:43:44.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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