4303 West Pico Boulevard
4303 West Pico Boulevard
$6,000,000
10,887 / 0.25
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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 4303 West Pico Boulevard
Zoning
LAC4
Parcel Number5082022006
AreaHancock Park-Wilshire
Lot Size Area10887
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number5082-022-006
DirectionsThis affordable housing development opportunity at 4303-4313 W Pico Blvd, located between Crenshaw Blvd and S La Brea Ave in Mid City.
Location
LISTING UPDATED: 04/05/2024 10:44 AM
Property Details for 4303 West Pico Boulevard
Status | Active |
---|---|
MLS # | 24-350913 |
Days on Market | 179 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.25 AC |
County | Los Angeles County |
Location
Building Information for 4303 West Pico Boulevard
Lot Size0.25 AC
Payment Calculator
$35,177 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4303 West Pico Boulevard
Property History for 4303 West Pico 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 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.
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