Listing by: Neema Ahadian, Marcus & Millichap
0 Beds
n/a Full bath
n/aSqFt
Active
We are pleased to present a unique affordable housing development opportunity at 4303-4313 W Pico Blvd in Mid City. Plans call for 152 income-restricted housing units with an ideal unit mix of 81 singles and 71 one-bedrooms with no parking required. The discount to surrounding market rents support both a voucher based and workforce housing lease-up strategy, allowing a developer multiple lease-up options and flexibility at completion. The six-story mid-rise project is designed with a stacked design, utilizing Type III over Type I construction for expedited construction and reduced costs. The project also includes 7,747 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $39,474 per buildable unit, offering a privately funded developer the opportunity to fund the entire project without tax credits or government subsidies. The existing two retail units will be delivered vacant at the close of escrow, allowing a developer to break ground and start on the project once permits have been pulled.
Property Details | ||
---|---|---|
Price | $6,000,000 | |
Lot Size Area | 16514 | |
Lot Size Area Units | Square Feet | |
Acres | 0.3791 | |
Property Type | Land | |
View | None | |
Geographic Data | ||
Directions | Corner of S Victoria Ave & W Pico Blvd | |
County | Los Angeles | |
Latitude | 34.048235 | |
Longitude | -118.328206 | |
Market Area | C18 - Hancock Park-Wilshire | |
Address Information | ||
Address | 4303 W Pico Boulevard, Los Angeles, CA 90019 | |
Postal Code | 90019 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Marcus & Millichap | |
Listing Agent | Neema Ahadian | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 9 | |
MLS Status | Active | |
Listing Date | Jan 20, 2025 | |
Listing Last Modified | Jan 30, 2025 | |
Tax ID | 5082022006 | |
MLS Area | C18 - Hancock Park-Wilshire | |
MLS # | 25491423 |
This information is believed to be accurate, but without any warranty.