4159 S Central Ave - East of USC - 46 Unit ED1 Development
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4159 S Central Ave - East of USC - 46 Unit ED1 Development
0.17 Acres of Residential Land Offered at $1,950,000 in Los Angeles, CA 90011
Investment Highlights
- Priced at $48,913 per unit
- The 4-story building totals 21,520 gross sf of Type V-A construction
- Located near Downtown Los Angeles and 1.7 miles from the University of Southern California
- Plans call for 2 studios (average 273 SF) and 44 one-bedroom units (330-360 SF) with no parking required
- The seller will deliver the project with a complete set of plans fully RTI and a vacant commercial building existing on the site.
Executive Summary
$300K PRICE REDUCTION! Kidder Mathews is pleased to present a 100% affordable housing development opportunity in Historic South Central, just 1.7 miles southeast of the USC and Exposition Park.
The 7,598 SF lot will be delivered RTI for 46 100% affordable units Plans call for 2 studios (average 273 SF) and 44 one-bedroom units (330-360 SF) with no parking required. The 4-story building totals 21,520 gross sf of Type V-A construction.
The seller will deliver the project with a complete set of plans fully RTI and a vacant commercial building existing on the site. The project is located walking distance to Wadsworth Elementary, Sally Ride Elementary, Harmony Elementary, Thomas Jefferson High School, Nava College Preparatory Academy, and Ross Snyder Recreation Center.
Building amenities include a laundry room, office room, 44 bicycle spaces, and a 3,046 sf roof deck with views of Downtown LA to the north.
While the plans call for 46 units, new ownership could re-envision the project to significantly increase the density and number of units
The 7,598 SF lot will be delivered RTI for 46 100% affordable units Plans call for 2 studios (average 273 SF) and 44 one-bedroom units (330-360 SF) with no parking required. The 4-story building totals 21,520 gross sf of Type V-A construction.
The seller will deliver the project with a complete set of plans fully RTI and a vacant commercial building existing on the site. The project is located walking distance to Wadsworth Elementary, Sally Ride Elementary, Harmony Elementary, Thomas Jefferson High School, Nava College Preparatory Academy, and Ross Snyder Recreation Center.
Building amenities include a laundry room, office room, 44 bicycle spaces, and a 3,046 sf roof deck with views of Downtown LA to the north.
While the plans call for 46 units, new ownership could re-envision the project to significantly increase the density and number of units
Property Facts
| Price | $1,950,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Price | $1,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.17 AC |
1 Lot Available
Lot
| Price | $1,950,000 | Lot Size | 0.17 AC |
| Price Per AC | $11,179,526 |
| Price | $1,950,000 |
| Price Per AC | $11,179,526 |
| Lot Size | 0.17 AC |
The 7,598 SF lot will be delivered RTI for 46 100% affordable units Plans call for 2 studios (average 273 SF) and 44 one-bedroom units (330-360 SF) with no parking required. The 4-story building totals 21,520 gross sf of Type V-A construction.
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 5115-022-003 | Improvements Assessment | $11,985 |
| Land Assessment | $23,757 | Total Assessment | $35,742 |
PROPERTY TAXES
Parcel Number
5115-022-003
Land Assessment
$23,757
Improvements Assessment
$11,985
Total Assessment
$35,742
zoning
| Zoning Code | C2-2D-CPIO (Commercial Store Combination - Store & Residential) |
| C2-2D-CPIO (Commercial Store Combination - Store & Residential) |
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4159 S Central Ave - East of USC - 46 Unit ED1 Development
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