4129 Avalon Blvd Los Angeles, CA 90011

This exceptional investment opportunity presents a fully RTI (Ready-To-Issue) 48-unit affordable housing development situated on an 8,199 square foot lot at 4129 Avalon Blvd, Los Angeles, CA 90011. The project, zoned C2-IVL-CPIO within a Tier 2 Transit Oriented Community, boasts a highly efficient stacked design maximizing space utilization. The four-story building comprises 14 studios, 33 one-bedroom units, and one manager's unit, totaling approximately 23,323 square feet of gross buildable area and 17,126 square feet of rentable space. This development caters to a diverse range of income levels, including 10 units for moderate-income households (110% AMI or below), 37 units for low-income households (80% AMI or below), and one market-rate manager's unit. Rent schedules adhere to HCD Schedule VI and TCAC Schedule IX. The property's strategic location offers a Walk Score of 79 ("Very Walkable"), proximity to USC (approximately 2 miles) and Exposition Park (approximately 1.5 miles), and benefits from a high potential for Section 8 voucher tenants, potentially increasing income by approximately 20% per unit. Currently used as month-to-month car storage, generating $1,800 in monthly income, this property presents a significant opportunity for immediate return and long-term growth in a high-demand market. The property features 59± feet of frontage on Avalon Boulevard and a depth of 140± feet. The APN is 5113-005-001. The asking price is $1,900,000.