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$ 1,160,000
Est. payment | /mo
7,601 Sqft Lot
$ 1,160,000
Est. payment | /mo
7,601 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26998135
HOA Y/N No
Lot Size 7,601 Sqft
Property Description
We are pleased to present a 46-unit development opportunity, fully RTI at 4159 S Central Avenue. Currently sitting as a vacant mixed-use building on a 7,598 SF lot, the site is RTI for forty-six (46) units across four (4) stories, or 49ft. The unit mix consists of two (2) studio / one-bathroom units and forty-four (44) one-bedroom / one-bathroom units. Entitled under ED1 (100% affordable), the site has a mix of 80% low income units under schedule 9, and 20% moderate income units under schedule 6 (with exception of one manager unit at market rate). The project delivers approximately 21,520 SF of GBA and 5,914 SF of net livable area. The existing structure consists of 4,892 SF of vacant mixed-use space. For value-add investors and owner-users alike this creates an alternate opportunity to capitalize on the existing space while adding square footage to the building. Situated in a solid South-Central location, this offering presents a good opportunity for any developer to capitalize on a high-density and cost efficient multifamily project in a corridor with an active pipeline of proposed affordable and mixed-use projects and a 71%+ renter-occupied housing base.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
Lot Description Rectangular Lot, Value In Land
Sewer Other
New Construction No
Others
Senior Community No
Tax ID 5115022003
Special Listing Condition Standard
Listed by John Boyett CBRE #02056759