We are pleased to present a development opportunity on the corner Avalon Boulevard and 48th Street in Los Angeles California. The property consists of 16,438 sq. ft. of [Q] R4-1 land with alley access in the back of the lot. Current owner has started the process to begin entitlements for a 33 unit apartment building consisting of 21: 1 Bed and 1 Bath, 6: 2 Bed and 2 Bath and 6: 3 Bed and 2 Bath. The property will also have 3 commercial units on the ground floor. The total Square footage for the residential units will be 31,285 and the commercial area will be 5,025 sq. ft. The plans call for a total of 55 parking spaces which are to be on grade.
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, Listed on
JON EMRANI, License# 01427038,
MARCUS & MILLICHAP
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