Ready-to-Issue Affordable Housing
For Sale
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4129 Avalon Blvd, Los Angeles, CA 90011
48-unit affordable housing project on an 8,199 SF lot.
Property Size23,323 SF
Lot Size0.19 Acres
Price / SF$72.68
Days on Market714
Property Features for 4129 Avalon Blvd
General Information
Standard status
Active
Size
23,323 SF
Lot size
0.19 Acres
Property subtype
Land
Zoning
C2-IVL-CPIO
Listing Agency:
Partners CRE
(310) 432-6400
Listed By:
Jordan Petito · License #CA 02023714
Source:
Crexi
Added: Aug 26, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:09AM
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 Partners CRE
Investment Insights
Based on property information with market context.
This is a ready-to-issue (RTI) 48-unit, 100% affordable housing project situated on an 8,199 SF lot. The 4-story apartment development is designed with efficiency in mind. The total gross buildable space is approximately 23,323 SF, with a total rentable space of approximately 17,126 SF. The unit mix includes 14 studios, 33 one-bedroom units, and 1 studio manager’s unit. The recreation room has the potential to be converted into an ADU. The development features a stacked on-grade design. Ten units are designated for moderate-income households (110% AMI or below), and 37 units are for low-income households (80% AMI or below), with one 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. The location may attract Section 8 voucher tenants, potentially increasing income by around 20% for each unit. The property is located in a primarily residential neighborhood near a Hospital and Park, offering ample access to street parking within a walkable radius. The proposed development features zero parking spaces, which reduces construction costs. 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,667
Businesses Nearby
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Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 48-unit affordable housing project on an 8,199 SF lot.
Where is this residential land & home lot located?
The property is located at 4129 Avalon Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,695,000.
