4129 Avalon Boulevard, Los Angeles, CA 90011
Local realty services provided by:ERA Excel Realty
4129 Avalon Boulevard,Los Angeles, CA 90011
$1,695,000
- 0.19 Acres
- Lots / Land
- Active
Listed by:jordan petito
Office:keller williams beverly hills
MLS#:25580479
Source:CRMLS
Price summary
- Price:$1,695,000
About this home
BACK ON MARKET AT NEW PRICE! We are proud to present 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. Seller is willing to provide Seller Financing and be in a second position to a construction loan.
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Home facts
- Listing ID #:25580479
- Added:44 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Structure and exterior
- Lot area:0.19 Acres
Finances and disclosures
- Price:$1,695,000
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