4303 Pico Boulevard, Los Angeles, CA 90019
  • MLS#: 25491423 ( )
  • Street Address: 4303 Pico Boulevard
  • Viewed: 5
  • Price: $6,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 35
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90019
  • Provided by: Marcus & Millichap
  • Contact: Neema Neema
  • DMCA Notice
  • 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.
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Features
Country
  1. US
Parcel Number
  1. 5082022006
Postalcodeplus4
  1. 3134
View
  1. None
Zoning
  1. LAC4