4159 S Central Ave - Build 46 Affordable Units. RTI any day now!
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4159 S Central Ave - Build 46 Affordable Units. RTI any day now!
0.17 Acres of Commercial Land Offered at £1,828,376 in Los Angeles, CA 90011
EXECUTIVE SUMMARY
Build 46 Affordable Units near DTLA.
Seller expects RTI any day now.
Scope of Work...
Construction of new, 46 unit apartment building. Affordable Housing. No Parking Requirement. Fully Sprinklered.
• 7,600, sq. ft. lot.
• 21,520 sq. ft. gross area.
• 45 1 Bed/ 1 Bath.
• 1 Studio.
Just South of DTLA and East of 110 Fwy.
EXCLUSIVELY LISTED AT $2,299,000.
SHOVEL-READY EARLY MARCH 2025.
Seller expects RTI any day now.
Scope of Work...
Construction of new, 46 unit apartment building. Affordable Housing. No Parking Requirement. Fully Sprinklered.
• 7,600, sq. ft. lot.
• 21,520 sq. ft. gross area.
• 45 1 Bed/ 1 Bath.
• 1 Studio.
Just South of DTLA and East of 110 Fwy.
EXCLUSIVELY LISTED AT $2,299,000.
SHOVEL-READY EARLY MARCH 2025.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
£951,105
|
£5,450,461.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£951,105
|
£5,450,461.26
|
| Taxes |
£21,950
|
£125,788.29
|
| Operating Expenses |
£198,823
|
£1,139,386.68
|
| Total Expenses |
£220,773
|
£1,265,174.97
|
| Net Operating Income |
£730,332
|
£4,185,286.29
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £951,105 |
| Annual Per AC | £5,450,461.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £951,105 |
| Annual Per AC | £5,450,461.26 |
| Taxes | |
|---|---|
| Annual | £21,950 |
| Annual Per AC | £125,788.29 |
| Operating Expenses | |
|---|---|
| Annual | £198,823 |
| Annual Per AC | £1,139,386.68 |
| Total Expenses | |
|---|---|
| Annual | £220,773 |
| Annual Per AC | £1,265,174.97 |
| Net Operating Income | |
|---|---|
| Annual | £730,332 |
| Annual Per AC | £4,185,286.29 |
PROPERTY FACTS
| Price | £1,828,376 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land |
| Price | £1,828,376 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.17 AC |
1 LOT AVAILABLE
Lot
| Price | £1,828,376 | Lot Size | 0.17 AC |
| Price Per AC | £10,479,481.40 |
| Price | £1,828,376 |
| Price Per AC | £10,479,481.40 |
| Lot Size | 0.17 AC |
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Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 5115-022-003 | Total Assessment | £28,425 (2024) |
| Land Assessment | £18,894 (2024) | Annual Taxes | £21,950 |
| Improvements Assessment | £9,532 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5115-022-003
Land Assessment
£18,894 (2024)
Improvements Assessment
£9,532 (2024)
Total Assessment
£28,425 (2024)
Annual Taxes
£21,950
Tax Year
2025
ZONING
| Zoning Code | C2-2D-CPIO |
| C2-2D-CPIO |
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4159 S Central Ave - Build 46 Affordable Units. RTI any day now!
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