CA > Los Angeles
Los Angeles, CA 90062,4424 S Western Ave
Los Angeles, CA 90062,4424 S Western Ave
Los Angeles, CA 90062,4424 S Western Ave
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John Matukas

John Matukas

+1(323) 377-4961
$3,100,000
Est. payment /mo
0.27 Acres Lot
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UPDATED:

02/23/2025 12:46 AM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24-437687

Lot Size 0.266 Acres

Acres 0.6605

Property Description

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.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAC2

Exterior

View Y/N No

View None

Others

Special Listing Condition Standard

Virtual Tour https://drive.google.com/file/d/1GTKlix50_AwSZV9BAfFlAqv6kHAyOTDc/view?usp=sharing

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Listed by KW Advisors

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John Matukas

+1(323) 377-4961

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