4129 South Avalon Boulevard

Los Angeles, CA 90011

$1,900,000
Price
8,199 / 0.19
Lot Size / Acres

Description

We are pleased to present a ready-to-issue (RTI) 48-unit, 100% affordable housing project available for sale on an 8,199 square foot lot. This 4-story apartment development is designed with efficiency in mind, featuring a recreation room that has the potential to be converted into an Accessory Dwelling Unit (ADU). The project includes 14 studios, 33 one-bedroom units, and 1 studio manager's unit, with a total gross buildable space of approximately 23,323 square feet and a total rentable space of...We are pleased to present a ready-to-issue (RTI) 48-unit, 100% affordable housing project available for sale on an 8,199 square foot lot. This 4-story apartment development is designed with efficiency in mind, featuring a recreation room that has the potential to be converted into an Accessory Dwelling Unit (ADU). The project includes 14 studios, 33 one-bedroom units, and 1 studio manager's unit, with a total gross buildable space of approximately 23,323 square feet and a total rentable space of approximately 17,126 square feet. The focus on housing affordability is highlighted by the allocation of 10 units for moderate-income households (110% AMI or below), 37 units for low-income households (80% AMI or below), and 1 market-rate manager's unit. Rent amounts for the very low and moderate-income units are available on HCD Schedule VI, while rent for the low-income units can be found on TCAC Schedule IX. Additionally, the property's location may attract Section 8 voucher tenants, potentially increasing income by around 20% for each unit. Situated in a primarily residential neighborhood near a hospital and park, the property offers ample access to street parking within a walkable radius. Despite having zero parking spaces, which reduces construction costs, the neighborhood is very walkable with excellent transit options, as reflected by a Walk Score of 79. The property is currently used as car storage, rented on a month-to-month basis for $1,800.
  1. Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 4129 South Avalon Boulevard

Zoning
C2-IVL-CPIO
Parcel Number
5113005001
Area
Downtown L.A. (C42)
Lot Size Area
8199
Source Lot Size Area
Other
Assessor Parcel Number
5113-005-001
Directions
A few blocks south of the intersection of Avalon Boulevard and East Martin Luther King Jr. Boulevard. It's also located a short distance north of Vernon Avenue and east of South Central Avenue. The area is primarily residential with some nearby commercial establishments and is close to South Park.
LISTING UPDATED: 08/29/2024 11:16 AM

Property Details for 4129 South Avalon Boulevard

StatusActive
MLS #24-427447
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.19 AC
CountyLos Angeles County

Building Information for 4129 South Avalon Boulevard

Lot Size0.19 AC

Property Information for 4129 South Avalon Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.1883
  • Lot Size Square Feet: 8199
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 08-26-2024

Property History for 4129 South Avalon Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4129 South Avalon Boulevard

Taxable ValueLand$967,572Additions$20,808Total$988,380
Tax Record2024$12,303 ($1,025 / month)
Home Facts
Total Finished SqFt8,092 SqFtAbove Grade Finished SqFt8,092 SqFtLot Size8,199 SqFtStyleParking LotZoningLAC2CountyLOS ANGELESAPN5113-005-001

Schools near 4129 South Avalon Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ricardo Lizarraga Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4129 South Avalon Boulevard is a 0.19 ac of land for sale in Los Angeles, CA 90011. This property was listed for sale on August 13, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,900,000. It has been on the market for a total of 101 days and was last sold on March 31, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Ricardo Lizarraga Elementary School, William Jefferson Clinton Middle School and Nava College Preparatory Academy. 4129 South Avalon Boulevard is a 0-bed, 0-bath, 0.19 ac of land on a 8,199 sq. ft. / 0.19 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Jordan Petito, DRE #02023714; Keller Williams Beverly Hills, Dario Svidler, DRE #01884474

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.