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4129 Avalon Blvd, Los Angeles, CA 90011

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For Sale

$1,695,000

0.19 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 0.2 acres
    Lot size

Explore this Property

BACK ON MARKET AT NEW PRICE! We are proud to present a ready-to-issue (RTI) 48-unit, 100% affordable housing project on an 8,199 SF lot. This 4-story apartment development is designed with efficiency in mind. The recreation room has the potential to convert into ADU. It features a stacked on-grade design and includes: 14 Studios, 33 One-Bedroom Units, 1 Studio Manager's Unit. The total gross buildable space is approximately 23,323 SF and the total rentable space is approximately 17,126 SF. Housing affordability is a key focus, with: 10 units for moderate-income households (110% AMI or below), 37 units for low-income households (80% AMI or below), 1 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. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The property is situated in a primarily residential neighborhood near Hospital and Park, offering ample access to street parking within a walkable radius. The proposed development features zero parking spaces, which reduces construction costs for the developer. 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. Seller is willing to provide Seller Financing and be in a second position to a construction loan.
MLS# 25580479

Courtesy Of KELLER WILLIAMS BEVERLY HILLS REALTY

(310) 432-6400

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.19 Acres

Map and Directions

Directions to 4129 Avalon Blvd, Los Angeles, CA 90011

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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