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Ready-to-Issue Affordable Housing Development

Eastlake Avenue, Los Angeles, CA 90031

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For Sale

$1,998,000

53-unit affordable housing development near USC Keck School of Medicine.

Type:Land or Vacant Lot

Property size:

14,349 SF

Lot size:

0.33 Acres

Price / SF:

$139/SF

HighLights

Ready‑to‑Issue permits for a 53‑unit affordable housing development.
Located in a thriving neighborhood near USC Keck School of Medicine.
Privately funded, no tax credits or public funds required, and not subject to prevailing wage.
Opportunity Zone location.
Mix of Low‑Income (41 units) and Moderate‑Income (11 units) housing with 1 unrestricted unit.
Amenities include rooftop open spaces, bike storage, and on‑site management office.

We can help!

Listing Contact

DARIO SVIDLER

Learn more

For Sale

$1,998,000

53-unit affordable housing development near USC Keck School of Medicine.

Type:Land or Vacant Lot

Property size:

14,349 SF

Lot size:

0.33 Acres

Price / SF:

$139/SF

Added:: Jul 25, 2025
Days on Market:: 324
Last Refresh:: Apr 5 at 8:40 pm

Property Features for Eastlake Avenue

General Information

Standard status: Active
Size: 14,349 SF
Lot size: 0.33 Acres
Property subtype: Land or Vacant Lot

We can help!

Listing Contact

DARIO SVIDLER

Listing agent DARIO SVIDLER License #01884474

Listing office KELLER WILLIAMS BEVERLY HILLS

Listing date Jul 25, 2025

Source Corcoran

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 KELLER WILLIAMS BEVERLY HILLS

HighLights

Ready‑to‑Issue permits for a 53‑unit affordable housing development.
Located in a thriving neighborhood near USC Keck School of Medicine.
Privately funded, no tax credits or public funds required, and not subject to prevailing wage.
Opportunity Zone location.
Mix of Low‑Income (41 units) and Moderate‑Income (11 units) housing with 1 unrestricted unit.
Amenities include rooftop open spaces, bike storage, and on‑site management office.

Overview

This is a Ready-to-Issue 53-unit, 100% affordable housing development. It is located at 1926 Eastlake Ave in the neighborhood surrounding the USC Keck School of Medicine, just south of Lincoln Heights. Of the 53 units, 41 are restricted for Low-Income tenants, 11 for Moderate-Income tenants, and 1 unrestricted unit for an on-site manager. The rent levels for the project follow Schedule 1-HUD for Low-Income units and Schedule 6-HCD for Moderate-Income units. The project is set on a 14,097 SF lot and will be privately funded, with no tax credits or public funds required and not subject to prevailing wage and is in an Opportunity Zone. The development features a new four-story, Type V-A Construction totaling 26,905 SF of Zoning Floor Area. The design consists entirely of one-bed, one-bath units with an average unit size of approximately 444 SF, plus hallways, elevators, stairs, and shared laundry on each floor. Rentable Square Footage, per the LAHD Table of Rental Units adds up to 23,530 SF. The project, already designated as Ready-to-Issue, is ready for issuance of Permits. Amenities will include a Management Office, Lobby with a Package / Mailbox area, Bike Storage Room, spacious Rooftop Open Spaces, and some units with Balconies.

Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.205
Latitude: 34.0625

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For sale
Apartment buildings
CA
Los Angeles
90031
Eastlake Avenue

What type of property is this?

Apartment building - 53-unit affordable housing development near USC Keck School of Medicine.

Where is this apartment building located?

The property is located at Eastlake Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,998,000.

What are key features of this property?

This property features: Ready‑to‑Issue permits for a 53‑unit affordable housing development.; Located in a thriving neighborhood near USC Keck School of Medicine.; Privately funded, no tax credits or public funds required, and not subject to prevailing wage.