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We are pleased to present a great development opportunity to build 12-14 units of apartment R3 Tier2, with a total building size of 16,547 SF in the Mid-City neighborhood. The subject property plan offers a unit mix of six 1-bedroom+1 bathroom and seven 2-bedroom+1 bathroom units, along with one ELI 1-bedroom+1 bathroom unit. The plan includes a 4-story type VA over 1 story type 1A configuration. With a walk score of 84, ten parking spaces, and twelve bike parking spaces, the subject property allows tenants to benefit from the local offerings in the Mid-City neighborhood. RTI coming very soon. Buyer to verify all information
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.
Great opportunity, seller will carry the first Trust Deed with a 30% down payment. Two lots for sale, 3,762 Sq. Ft., and 3,751 Sq. Ft. Total 7,513. $750,000 each, total: 1,500,000. The two lots have been used as a landscaper head quarters. Both lots shall be sold together. Both lots will be delivered vacant. Perfect for developing the land or other uses. Easy to show.
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