4129 Avalon Blvd - 48 Unit 100% Affordable Housing Project, RTI
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4129 Avalon Blvd - 48 Unit 100% Affordable Housing Project, RTI
0.19 Acres of Residential Land Offered at £1,499,100 in Los Angeles, CA 90011
Investment Highlights
- 48 Unit 100% Affordable Housing Development, Fully RTI
- Cost Effective Stacked Design to maximize efficiency
- Zoning is C2-IVL-CPIO located in Tier 2 Transit Oriented Communities
- Type VA Construction
- 59± FT of frontage on Avalon and 140± FT depth.
- Rent Schedules: Schedule VI and Schedule IX
Executive Summary
PartnersCRE is proud to present for sale 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.
• 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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £1,499,100 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Price | £1,499,100 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.19 AC |
1 Lot Available
Lot
| Price | £1,499,100 | Lot Size | 0.19 AC |
| Price Per AC | £7,964,489 |
| Price | £1,499,100 |
| Price Per AC | £7,964,489 |
| Lot Size | 0.19 AC |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 5113-005-001 | Improvements Assessment | £16,418 |
| Land Assessment | £763,414 | Total Assessment | £779,832 |
PROPERTY TAXES
Parcel Number
5113-005-001
Land Assessment
£763,414
Improvements Assessment
£16,418
Total Assessment
£779,832
zoning
| Zoning Code | C2-1VL-CPIO |
| C2-1VL-CPIO |
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4129 Avalon Blvd - 48 Unit 100% Affordable Housing Project, RTI
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