4129 Avalon Blvd - 48 Unit 100% Affordable Housing Project, RTI 0.19 Acres of Residential Land Offered at $2,347,422 CAD in Los Angeles, CA 90011

New Price! PartnersCRE is proud to present for sale a ready-to-issue (RTI) 48-unit, 100% affordable housing project on an 8,199 SF lot. This 4-story apartment development is designed with efficiency in mind. The recreation room has the potential to convert into ADU. It features a stacked on-grade design and includes: • 14 Studios • 33 One-Bedroom Units • 1 Studio Manager’s Unit The total gross buildable space is approximately 23,323 SF and the total rentable space is approximately 17,126 SF. Housing affordability is a key focus, with: • 10 units for moderate-income households (110% AMI or below) • 37 units for low-income households (80% AMI or below) • 1 market-rate manager’s unit The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The property is situated in a primarily residential neighborhood near Hospital and Park, offering ample access to street parking within a walkable radius. The proposed development features zero parking spaces, which reduces construction costs for the developer. The neighborhood is very walkable with excellent transit, as indicated by a Walk Score of 79. The property is currently used as Car Storage, rented month-to-month at $1,800. Seller is willing to provide Seller Financing and be in a second position to a construction loan. Please reach out to Listing Agent 2 for information.