CA > Los Angeles
Los Angeles, CA 90019,4303 W Pico BLVD
Los Angeles, CA 90019,4303 W Pico BLVD
Los Angeles, CA 90019,4303 W Pico BLVD
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$5,500,000
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0.38 Acres Lot
Price Dropped by $500K

4303 W Pico BLVD Los Angeles, CA 90019

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Jenny Wu

Jenny Wu

+1(909) 569-8888

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25491423

HOA Y/N No

Lot Size 0.379 Acres

Property Description

We are pleased to present a unique affordable housing development opportunity at 4303-4313 W Pico Blvd in Mid City. Plans call for 152 income-restricted housing units with an ideal unit mix of 81 singles and 71 one-bedrooms with no parking required. 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 six-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 7,747 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $36,184 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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAC4

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5082022006

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap

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agent

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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4303 W Pico BLVD

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