Vac/12Th Ste/vic Avenue Q5 Street
Proposed 120-unit Apartment Building at Market Rate or 85 Units at Affordable Housing (CTCAC). Situated on two lots of approximately 87,084 square feet lot zoned R4-50 with 148 feet of frontage on 11th & 12th Street East, the property is within 0.80 miles of the High-Speed Rail. The current plans are for a five-story structure consisting of five levels of apartments over above-grade garage & one level of subterranean garage. All units have private patios or balconies. The property consists of twenty 1-bedroom, eighty 2-bedroom, and twenty 3-bedroom units. The project is proposed for 120 total units at market rent. The property features a gym, spa, onsite management office and 2 community rooms. Property is located close to City Hall and major streets. Current owner has Survey, Soils Report & Lot Merger.The City of Palmdale has a 50% Density Bonus for Senior Housing Project. Opportunity to get a total 180 units for Senior Housing with Density Bonus.L.A. County set to build its first new freeway in 25 years
|Lot Square Feet||≈ 86,663|
|Area||PLM - Palmdale|
|Listing Brokerage||Realty Nation|
|Listing Agent||Davit Yeghishyan|
|Listing Agent BRE #||01966032|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, October 15, 2018.
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