4424 South Western Avenue

Los Angeles, CA 90062

$3,100,000
Price
11,592 / 0.27
Lot Size / Acres

Description

PCS Group is pleased to exclusively present for sale an RTI 47-unit Type V-A 4 story apartment building dedicated entirely to affordable housing, replacing an existing one- story commercial structure of 3,696 square feet with a total area of 28,773 square feet. The architectural design features stacked, offset masses that not only enhance the building's visual appeal but also create recessed spaces for landscaped areas. This dynamic yet balanced faade aligns with modern architectural trends, offering...PCS Group is pleased to exclusively present for sale an RTI 47-unit Type V-A 4 story apartment building dedicated entirely to affordable housing, replacing an existing one- story commercial structure of 3,696 square feet with a total area of 28,773 square feet. The architectural design features stacked, offset masses that not only enhance the building's visual appeal but also create recessed spaces for landscaped areas. This dynamic yet balanced faade aligns with modern architectural trends, offering both functionality and aesthetic appeal. The building will include 8 units for very low-income residents (as per Schedule VI), 38 units for low-income residents (as per Schedule I), and 1 unit reserved for the building manager, with no on-site parking provided to promote an environmentally friendly project, and aligns with the city goals. A roof deck will offer common open space, enhancing the living experience for residents. The project is fully privately funded, with no reliance on tax credits or public housing programs, and by setting aside 100% of the units for affordable housing, it qualifies for the TOC (Transit Oriented Communities) Tier 4 affordable housing program, contributing to the availability of low-cost housing options in the area.
  1. Listed by Amir Lashgari • DRE #01976006 • Brokerage DRE #01854200 • KW Advisors

Property Details for 4424 South Western Avenue

Zoning
LAC2
Parcel Number
5016004004
Area
Los Angeles Southwest (C34)
Lot Size Area
11592
Source Lot Size Area
Developer
Potential Usage
RTI 47-unit Type V-A 4 story apartment building dedicated entirely to affordable housing,
Assessor Parcel Number
5016-004-004
Directions
East of S Western Ave / South of West Vernon Ave
LISTING UPDATED: 09/17/2024 12:01 AM

Property Details for 4424 South Western Avenue

StatusActive
MLS #24-437687
Days on Market103
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.27 AC
CountyLos Angeles County

Building Information for 4424 South Western Avenue

Lot Size0.27 AC

Property Information for 4424 South Western Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Lot Acreage: 0.6605
  • Lot Size Square Feet: 11592
  • Telephone: 0.0
  • Cable: 0.0
  • Reports On File: Plans, Survey, Building Permit
  • Site Decription: City
  • Survey: Survey Done
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-09-2024

Property History for 4424 South Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4424 South Western Avenue

Taxable ValueLand$832,320Additions$280,387Total$1,112,707
Tax Record2024$13,980 ($1,165 / month)
Home Facts
Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtStories1Lot Size5,745 SqFtStyleStoresYear Built1956ZoningLAC2CountyLOS ANGELESAPN5016-004-004

Schools near 4424 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - 5 to 8
Public - 6 to 11
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
KIPP Scholar Academy
Charter5 to 8

Barack Obama Global Preparation Academy
Public6 to 11

California Collegiate Charter School
Charter6 to 8

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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4424 South Western Avenue is a 0.27 ac of land for sale in Los Angeles, CA 90062. This property was listed for sale on September 9, 2024 by KW Advisors, it's currently listed at $3,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include KIPP Scholar Academy, Barack Obama Global Preparation Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 4424 South Western Avenue is a 0-bed, 0-bath, 0.27 ac of land on a 11,592 sq. ft. / 0.27 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 KW Advisors, Amir Lashgari, DRE #01976006

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.