Price: $2,100,000 | Approved 47-Unit 100% Affordable Housing Development | RTI
Combined Lot Size: 11,592 Square Feet | Total Building Area: 28,773 Square Feet
ADDRESS
4424-4428 S. Western Avenue
Los Angeles, CA 90062
Offered for sale is a rare, shovel-ready affordable housing development opportunity located at 4424-4428 S. Western Avenue in the heart of South Los Angeles. The project has full entitlements and will be delivered Ready-To-Issue (RTI) with building permits in place for a four-story, 47-unit Type V-A apartment building - a fully affordable housing community with no on-site vehicle parking required.
Strategically located in a Transit Oriented Community (TOC) Tier 4 zone, the project benefits from significant density and parking incentives under the TOC guidelines, facilitating efficient and cost-effective development. This infill site is ideally positioned for a sponsor seeking to deliver much-needed affordable housing in Los Angeles while maximizing entitlements and return on investment through streamlined approvals and RTI delivery.
This is an exceptional opportunity for mission-driven developers, nonprofit organizations, or LIHTC-focused investors to acquire a fully entitled, permit-ready project in one of the most underserved housing markets in Los Angeles.
Contact us today to request the full due diligence package.
PROPERTY HIGHLIGHTS
100% Affordable Housing Development
8 units designated for Very Low-Income households
(per Schedule VI)
38 units designated for Low-Income households
(per Schedule I)
1 on-site manager’s unit
Unit Mix: All 47 units are one-bedroom
TOC Tier 4 – maximizing incentives for affordable development
No on-site parking required – 44 bicycle parking spaces provided
60-foot building height with rooftop deck open space
REDEVELOPMENT INFORMATION
Combined Lot Size: 11,592 SF
Total Building Area: 28,773 SF
APNs: 5016-004-004 & 5016-004-005
Zoning: C2-2D-CPIO
Stories: 4
Parking Spaces: None required
Bicycle Parking Spaces: 44
Transit Oriented Community (TOC): Tier 4