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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$6,000,000
Est. payment /mo
0.38 Acres Lot
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UPDATED:

01/29/2025 11:04 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25491423

Lot Size 0.379 Acres

Acres 0.3791

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 $39,474 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 Hancock Park-Wilshire

Zoning LAC4

Exterior

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Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

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agent

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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