20460 Sherman Way
Winnetka, CA 91306
Lot Size: 16742 sq.ft.
MLS# 21758730
Neighborhood: WIN - Winnetka
Active | Offered at $5,900,000

Troy Palmquist

DRE# 01772139

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***
Listing Provided By
Kelly Morgan, Keller Williams-Santa Monica
Based on information from California Regional Multiple Listing Service, Inc. as of January 19, 2022. 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.
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