RTI - 47 Units - 100% Affordable Housing 4424-4428 S Western Ave Lot | Terrain commercial | 0,11 ha | À vendre | 1 824 060 € | Los Angeles, CA 90062

Approved 47-Unit 100% Affordable Housing Development | RTI
The Ghobadi Investment Team is pleased to offere for sale is a rare, shovel-ready affordable housing development opportunity located at 4424-4428 S. Western Avenue in the heart of South Los Angeles. The project has full entitlements and will be delivered Ready-To-Issue (RTI) with building permits in place for a four-story, 47-unit Type V-A apartment building - a fully affordable housing community with no on-site vehicle parking required.
Strategically located in a Transit Oriented Community (TOC) Tier 4 zone, the project benefits from significant density and parking incentives under the TOC guidelines, facilitating efficient and cost-effective development. This infill site is ideally positioned for a sponsor seeking to deliver much-needed affordable housing in Los Angeles while maximizing entitlements and return on investment through streamlined approvals and RTI delivery.
This is an exceptional opportunity for mission-driven developers, nonprofit organizations, or LIHTC-focused investors to acquire a fully entitled, permit-ready project in one of the most underserved housing markets in Los Angeles.
* 100% Affordable Housing Development
* 8 units designated for Very Low-Income households (per Schedule VI)
* 38 units designated for Low-Income households (per Schedule I)
* 1 on-site manager’s unit
* Unit Mix: All 47 units are one-bedroom
* Total Building Area: ±28,773 square feet
* Lot Size: ±11,592 square feet (two contiguous parcels)
* APNs: 5016-004-004 & 5016-004-005
* Zoning: C2-2D-CPIO
* TOC Tier 4 – maximizing incentives for affordable development
* No on-site parking required – 44 bicycle parking spaces provided
* 60-foot building height with rooftop deck open space
Contact the agent today to request the full due diligence package.