4129 South Avalon Boulevard
$1,900,000
8,199 / 0.19
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.
- Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- 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 Number5113005001
AreaDowntown L.A. (C42)
Lot Size Area8199
Source Lot Size AreaOther
Assessor Parcel Number5113-005-001
DirectionsA 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
Status | Active |
---|---|
MLS # | 24-427447 |
Days on Market | 101 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.19 AC |
County | Los Angeles County |
Building Information for 4129 South Avalon Boulevard
Lot Size0.19 AC
Property Information for 4129 South Avalon Boulevard
Property History for 4129 South Avalon Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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