Assembled Corner Development
For Sale
$3,000,000
3323 Darwin Avenue, Los Angeles, CA 90031
Corner lot with approved plans for a 70-unit affordable multifamily project, delivered RTI status to support timely development.
Property SizeContact for details
Days on Market152
Property Features for 3323 Darwin Avenue
General Information
Standard status
Active
Property subtype
Lots/Land
Site & Location
Neighborhood
Lincoln Heights
Listing Agency:
Nest Seekers
(310) 278-8861
Listed By:
Amir Lashgari · License #01976006
(213) 921-6292
Source:
Exitrealty
Added: May 28
Changed: Oct 25
Last Checked: Oct 25 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nest Seekers
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Investment Insights
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The offering is an assembled corner development site delivered RTI (Ready-To-Issue) for a 100% affordable housing multifamily project. The parcel combines 3323 and 3327 Darwin Avenue to total 14,000 square feet, with approved plans for a five-story, 70-unit development totaling approximately 37,000 buildable square feet.
The project is positioned to utilize Los Angeles Density Bonus and AB 2345 incentives as stated in the project materials. The asset is described as an infill location near Downtown Los Angeles, with access to transit and major employment hubs, within a supply-constrained market.
This site is suited for nonprofit or for-profit affordable housing developers seeking a ready-to-build opportunity for affordable housing capital sources. With the RTI delivery status, the offering is presented as eliminating entitlement risk and reducing development timelines, which can be particularly relevant for projects targeting TCAC, LIHTC, tax-exempt bond financing, or other affordable housing programs. The combination of an approved plan set and RTI status provides a defined path for moving forward toward construction under the submitted development concept.
The project is positioned to utilize Los Angeles Density Bonus and AB 2345 incentives as stated in the project materials. The asset is described as an infill location near Downtown Los Angeles, with access to transit and major employment hubs, within a supply-constrained market.
This site is suited for nonprofit or for-profit affordable housing developers seeking a ready-to-build opportunity for affordable housing capital sources. With the RTI delivery status, the offering is presented as eliminating entitlement risk and reducing development timelines, which can be particularly relevant for projects targeting TCAC, LIHTC, tax-exempt bond financing, or other affordable housing programs. The combination of an approved plan set and RTI status provides a defined path for moving forward toward construction under the submitted development concept.
Key Highlights
- Assembled corner lot totaling 14,000 SF across 3323 & 3327 Darwin Ave
- Approved plans for a 5‑story, 70‑unit affordable multifamily project (approx. 37,000 buildable SF)
- Delivered RTI (Ready‑To‑Issue) status to support timely development
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,765
Businesses Nearby
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Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner lot with approved plans for a 70-unit affordable multifamily project, delivered RTI status to support timely development.
Where is this residential land & home lot located?
The property is located at 3323 Darwin Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Assembled corner lot totaling 14,000 SF across 3323 & 3327 Darwin Ave; Approved plans for a 5‑story, 70‑unit affordable multifamily project (approx. 37,000 buildable SF); Delivered RTI (Ready‑To‑Issue) status to support timely development
