Property History
Please contact Benjamin at 818 968 5945 or email me at benjamincohen126@gmail.com for rendering, plan or any other documents and price.
Under Construction: Affordable Residential Building for Sale in Los Angeles
Now Scheduling Showings!
today just for construction price is between 300 to 400 per sf, not including the land, permits, 3 years to build, ans engineer fees.
I’m thrilled to present an exclusive opportunity to invest in a 100% affordable residential development currently under construction, located just south of downtown Los Angeles. This 49-unit property offering an excellent investment opportunity in a rapidly growing area.
The building consists of 43 spacious one-bedroom and one-bath apartments ranging from 350-550 square feet, with an additional 6 thoughtfully designed single- 1bath units averaging between 300-400 square feet. Each unit is generously sized, providing comfort and convenience for its residents.
schedule 1 rental.
In comparison to other similar buildings in the area, many of which include up to 30% or more of units are single or has small area of living, this property stands out by offering well-proportioned apartments that prioritize livability and space. With its strategic location and well-sized units, this development is set to meet a high demand for affordable, quality housing in Los Angeles.
The lot spans nearly 12,000 square feet with 1000sf back alley, and the building’s rem-table floor area is approximately 28,000 square feet across four stories. The property features a secured entrance and offers a spacious community room, bicycle room and laundry area.
The first floor boasts 14-foot high ceilings, with a few apartments on this level. The building also includes a laundry room, and there is access to long-term bicycle storage, accommodating up to 49 bikes. The rooftop features open spaces with unobstructed views of the city, including iconic downtown LA skyscrapers.
Each unit is equipped with a mini-split A/C and heating system, brand new appliances, electric water heaters, and is sub-metered for utilities. The building is also fitted with security cameras for peace of mind. The construction is low-maintenance, and the possibility exists to convert some common spaces into one or two additional dwelling units (ADUs).
The property is conveniently located near the Metro (A) Blue Line Station and is close to major job centers, including USC and DTLA.
With a strong demand from Section 8 tenants, this property is primed for steady rental income and long-term success.
Please contact Benjamin at 818 968 5945 or email me at benjamincohen126@gmail.com for rendering, plan or any other documents and price.
Soon Certificate of Occupancy
Affordable Residential Building for Sale in Los Angeles
Now Scheduling Showings!
-Soon will be ready for Certificate of occupancy, please submit your offer and schedule a tour with the agent
-4 story, 49 unit ,100% affordable, averaging unit size is 350 to 550sf rental is schedule 1
- All unit has air conditioning, Owen, stove, refrigerator and individual water heater
- on first floor : washer and dryer , bicycle room and Hughes community area
- Rapidly expanding area, where population growth is expected to reach 1.26% by 2028 within a 5-mile radius
- Prominently located in the Avalon Garden community adjacent to Interstate 110 just 8 miles south of DTLA.
Brand new construction
Upon entering the secure building, residents are welcomed by a well designed lobby and common areas that elevate the living experience. The ground floor features a 600 to 700 sf recreation room, which can function as a communal gathering space or be adapted into an office for supportive services. Residents also benefit from convenient amenities, including a dedicated bicycle storage room with 48 spaces. For added convenience, laundry rooms are located on the first floor floors
Price: call for price class B building Mid-rise zoning LAC2
Lot size close to 11500 to 12500sf including the alley
49 unit, 43 one bed 1 bath, 6 single 1 bath, mostly has balcony, stove, tub/shower/, kitchen
24h controlled access, tenant controlled HVACV, elevator, smoke detector
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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