Active
4424 S Western Avenue
Los Angeles CA, 90062
$3,100,000
$267.43 per sqft
Active
0.27 Acres
Land
Listed by Amir Lashgari with KW Advisors 213-921-6292
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.
24437687
MLSⓇ ID
September 9, 2024
Listed
December 5, 2024
Updated
Map
4424 S Western Avenue
Los Angeles CA, 90062
Exterior/Building Features
Lot Size
0.27 Acres
Other Property Details
Area Name
C34 - Los Angeles Southwest
Days on Market
86
Garage
No
Parking Total
0
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LAC2
Listing Contact: 310-482-2200
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Data last updated on 12/5/2024 at 5:18 AM UTC