Listing by: Amir Lashgari, KW Advisors

0 Beds

n/a Full bath

n/a SqFt

Active

PCS Group is pleased to exclusively present for sale an RTI 47-unit Type V-A 4 story apartment building dedicated entirely to affordable housing, replacing an existing one- story commercial structure of 3,696 square feet with a total area of 28,773 square feet. The architectural design features stacked, offset masses that not only enhance the building's visual appeal but also create recessed spaces for landscaped areas. This dynamic yet balanced faade aligns with modern architectural trends, offering both functionality and aesthetic appeal. The building will include 8 units for very low-income residents (as per Schedule VI), 38 units for low-income residents (as per Schedule I), and 1 unit reserved for the building manager, with no on-site parking provided to promote an environmentally friendly project, and aligns with the city goals. A roof deck will offer common open space, enhancing the living experience for residents. The project is fully privately funded, with no reliance on tax credits or public housing programs, and by setting aside 100% of the units for affordable housing, it qualifies for the TOC (Transit Oriented Communities) Tier 4 affordable housing program, contributing to the availability of low-cost housing options in the area.

Property Details
Price $3,100,000
Lot Size Area 11592
Lot Size Area Units Square Feet
Acres 0.2661
Property Type Land
View None
Geographic Data
Directions East of S Western Ave / South of West Vernon Ave
County Los Angeles
Latitude 34.00309
Longitude -118.308632
Market Area C34 - Los Angeles Southwest
Address Information
Address 4424 S Western Avenue, Los Angeles, CA 90062
Postal Code 90062
City Los Angeles
State CA
Country United States
Listing Information
Listing Office KW Advisors
Listing Agent Amir Lashgari
Special listing conditions Standard
Virtual Tour URL https://drive.google.com/file/d/1GTKlix50_AwSZV9BAfFlAqv6kHAyOTDc/view?usp=sharing
MLS Information
Days on market 8
MLS Status Active
Listing Date Sep 9, 2024
Listing Last Modified Sep 17, 2024
Tax ID 5016004004
MLS Area C34 - Los Angeles Southwest
MLS # 24437687

This information is believed to be accurate, but without any warranty.
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