Land for sale
$6,000,000 - Los Angeles CA 90019Los Angeles CA 90019
Land for sale
- Price: $6,000,000
- Reference No.: 69151790
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Overview
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.Land Los Angeles
This Land for sale is located at Los Angeles CA 90019. The home has . This Land in Los Angeles CA is for sale for $6,000,000 .
Disclaimer
2024-04-03, Viewed 1 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-03, Viewed 1 times.
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