4129 Avalon Boulevard, Los Angeles, CA 90011

• 8,199 sqft

Property Description

BACK ON MARKET AT NEW PRICE! We are proud to present a ready-to-issue (RTI) 48-unit, 100% affordable housing project on an 8,199 SF lot. This 4-story apartment development is designed with efficiency in mind. The recreation room has the potential to convert into ADU. It features a stacked on-grade design and includes: 14 Studios, 33 One-Bedroom Units, 1 Studio Manager's Unit. The total gross buildable space is approximately 23,323 SF and the total rentable space is approximately 17,126 SF. Housing affordability is a key focus, with: 10 units for moderate-income households (110% AMI or below), 37 units for low-income households (80% AMI or below), 1 market-rate manager's unit. The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. The property is situated in a primarily residential neighborhood near Hospital and Park, offering ample access to street parking within a walkable radius. The proposed development features zero parking spaces, which reduces construction costs for the developer. The neighborhood is very walkable with exc

Listing Status:

Active

Date Added:

August 19, 2025 at 05:00AM

Listing Office:

Keller Williams Beverly Hills : 310-432-6400

Listing Agent:

Jordan Petito : 310-734-2245

MLS ID:

CL25580479

Location

• County: Los Angeles

Lot

• Zoning: C2-I5113005001
• View: None

This listing courtesy of Jordan Petito, Keller Williams Beverly Hills