4424 S Western Avenue

Los Angeles, CA 90062

$3,100,000

List Price

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bed Beds

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Property Description

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.

Listing Information

List Price $3,100,000
Status Active
MLS 24437687
Type Land
Lot Size 11,592
Structure Size N/A
DOM 86
Courtesy Of KW Advisors
Listing Agent Amir Lashgari DRE#01976006

Interior Features

Total Bedroom
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Exterior Information

Maps

Listing information courtesy of: Amir Lashgari, KW Advisors 213-921-6292. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:33 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.