4424 S Western Avenue 5016004004
Los Angeles, CA, 90062
$3,100,000
Beds
0 Baths
SqFt
0.27 Acres
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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.
LISTING AGENT: Amir Lashgari
LISTING BROKERAGE: KW Advisors
4424 S Western Avenue 5016004004
Los Angeles, CA

Property Details

Price:
$3,100,000
MLS #:
24437687
Status:
Active
Baths:
0
Address:
4424 S Western Avenue 5016004004
Type:
Land
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90062
Lot Size:
11,592 sqft / 0.27 acres (approx)
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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