Entitled Income-Restricted Housing
For Sale
$3,900,000
3812 W Adams Blvd, Los Angeles, CA 90018
Entitled 106-unit income-restricted housing project with RTI permits.
Property Size15,359 SF
Lot Size0.35 Acres
Price / SF$253.92
Days on Market116
Property Features for 3812 W Adams Blvd
General Information
Standard status
Active
Size
15,359 SF
Lot size
0.35 Acres
Property subtype
Land
Listing Agency:
CB Richard Ellis, Inc.
(310) 550-2592
Listed By:
Adam Peterson · License #1815802
(310) 550-2592
Source:
Cbre
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 16 at 5:54AM
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 CB Richard Ellis, Inc.
Investment Insights
Based on property information with market context.
The property consists of an entitled 106-unit (85 + 21 ADUs) ED1 project of income-restricted housing situated on a ±15,359 square foot (±.353 acre) lot. The seller will deliver the project with RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1-O, the project was granted six incentives/waivers including no maximum density, increased height, and decreased setbacks/open space as a result of the project’s ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of 100% 1-bedrooms. Seventeen at-grade parking spaces will be available to tenants along with 72 bicycle spaces and a roof deck lounge.
Key Highlights
- Entitled for 106 Units (85 + 21 ADUs): Substantial development potential with a high unit count.
- RTI (Ready to Issue) Permits: Project is ready to begin construction immediately upon close of escrow.
- ED1 Project with Incentives/Waivers: Benefits from relaxed zoning restrictions including no maximum density and increased height.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled 106-unit income-restricted housing project with RTI permits.
Where is this residential land & home lot located?
The property is located at 3812 W Adams Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Entitled for 106 Units (85 + 21 ADUs): Substantial development potential with a high unit count.; RTI (Ready to Issue) Permits: Project is ready to begin construction immediately upon close of escrow.; ED1 Project with Incentives/Waivers: Benefits from relaxed zoning restrictions including no maximum density and increased height.
