Listing by: Neema Ahadian, Marcus & Millichap

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n/a Full bath

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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.
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