4303 West Pico Boulevard

Los Angeles, CA 90019

$6,000,000
Price
10,887 / 0.25
Lot Size / Acres

Description

4303-4313 W Pico Blvd is a unique affordable housing development opportunity in Mid City. Plans call for 149 income restricted housing units and 1 manager unit, with an ideal unit mix of 48 singles and 102 one-bedrooms. Unlike other ED1 projects, the design includes one level of on-grade parking for 39 spaces and is centrally located to major employment hubs. The discount to surrounding market rents support both a voucher based and workforce housing lease-up strategy, allowing a developer multiple...4303-4313 W Pico Blvd is a unique affordable housing development opportunity in Mid City. Plans call for 149 income restricted housing units and 1 manager unit, with an ideal unit mix of 48 singles and 102 one-bedrooms. Unlike other ED1 projects, the design includes one level of on-grade parking for 39 spaces and is centrally located to major employment hubs. The discount to surrounding market rents support both a voucher based and workforce housing lease-up strategy, allowing a developer multiple lease up options and flexibility at completion. The seven-story mid-rise project is designed with a stacked design, utilizing Type III over Type I construction for expedited construction and reduced costs. The project also includes 11,259 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $40,000 per buildable unit, offering a privately funded developer the opportunity to fund the entire project without tax credits or government subsidies. The existing two retail units will be delivered vacant at the close of escrow, allowing a developer to break ground and start on the project once permits have been pulled.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4303 West Pico Boulevard

Zoning
LAC4
Parcel Number
5082022006
Area
Hancock Park-Wilshire
Lot Size Area
10887
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
5082-022-006
Directions
This affordable housing development opportunity at 4303-4313 W Pico Blvd, located between Crenshaw Blvd and S La Brea Ave in Mid City.

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute
LISTING UPDATED: 04/05/2024 10:44 AM

Property Details for 4303 West Pico Boulevard

StatusActive
MLS #24-350913
Days on Market179
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.25 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute

Building Information for 4303 West Pico Boulevard

Lot Size0.25 AC

Payment Calculator

$35,177 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,744

Property Taxes

$2,433

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4303 West Pico 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: 0.2499
  • Lot Size Square Feet: 10887
  • 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: 01-31-2024

Property History for 4303 West Pico 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 4303 West Pico Boulevard

Taxable ValueLand$2,312,591Additions$52,558Total$2,365,149
Tax Record2023$29,195 ($2,433 / month)
Home Facts
Total Finished SqFt1,352 SqFtAbove Grade Finished SqFt1,352 SqFtStories1Lot Size10,884 SqFtStyleStoresYear Built1960ZoningLAC4CountyLOS ANGELESAPN5082-022-006

Schools near 4303 West Pico 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
Charter - K to 5
Rating
School
Distance
Queen Anne Place Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

City Language Immersion Charter (CLIC)
CharterK to 5

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.

Similar Homes

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4303 West Pico Boulevard is a 0.25 ac of land for sale in Los Angeles, CA 90019. This property was listed for sale on December 6, 2023 by Marcus & Millichap, it's currently listed at $6,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Queen Anne Place Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 4303 West Pico Boulevard is a 0-bed, 0-bath, 0.25 ac of land on a 10,887 sq. ft. / 0.25 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

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.