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4424 S Western Ave
Los Angeles CA 90062 US

$3,100,000

Active Listing ID 24-437687
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Lot: 0.66 Acres
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Other

$3,100,000

Active Listing ID 24-437687
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4424 S Western Ave 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.

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Property Features

  • Facts
  • Lot Size: 0.66 Acres
  • Property Type: Land
  • Property Sub-type: Other

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 3100000
  • unparsedaddress: 4424 S Western Ave
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90062
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.6605
  • lotsizeunits: Acres
  • lotsizearea: 0.6605
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 34.003071
  • longitude: -118.308647
  • listagentfullname: Amir Lashgari
  • listagentemail: pcs@pcsgroup.co
  • listagentkey: 3yd-CLAWCA-C119998
  • listagentmlsid: C119998
  • listagentpreferredphone: 3104822200
  • listagentofficephone: 3104822200
  • listofficekey: 3yd-CLAWCA-X74717
  • listofficemlsid: X74717
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • listingcontractdate: 2024-09-09
  • listagenturl: http://www.kwsantamonica.com
  • countyorparish: Los Angeles
  • parcelnumber: 5016-004-004
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.30865, 34.00307
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Santa Monica", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"pcs@pcsgroup.co", "ListBrokerageCity":"Santa Monica", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw549@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CLAWCA/837f8111fc9d11dea62b00065bf395fa/20120312201203057.png", "ListBrokerageName":"Keller Williams Santa Monica", "ListBrokeragePhone":"(310) 482-2200", "ListBrokeragePostalCode":"90405", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2701 Ocean Park Blvd., Suite 140", "ListBrokerageWebsiteUrl":"http://www.kwsantamonica.com", "ListOfficeAddress1":"11812 San Vicente Blvd.", "ListOfficeAddress2":"Suite 100", "ListOfficeBrokerMlsId":"X91642", "ListOfficeCity":"Los Angeles", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw549@kw.com", "ListOfficePostalCode":"90405", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Land - Los Angeles, CA", "ListingURL":"https://listings.listhub.net/pages/CLAWCA/24-437687/?channel=rexren", "MLSModificationTimestamp":"2024-09-09T17:30:47Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:55:14 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Amir Lashgari, KW Advisors, pcs@pcsgroup.co

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.