Active
4303 W Pico Blvd
Los Angeles CA, 90019
$6,000,000
$551.12 per sqft
Active
0.25 Acres
Land
4303-4313 W Pico Blvd is a unique affordable housing development opportunity in Mid City. Plans call for 149 income restricted housing units and 1 manager unit, with an ideal unit mix of 48 singles and 102 one-bedrooms. Unlike other ED1 projects, the design includes one level of on-grade parking for 39 spaces and is centrally located to major employment hubs. The discount to surrounding market rents support both a voucher based and workforce housing lease-up strategy, allowing a developer multiple lease up options and flexibility at completion. The seven-story mid-rise project is designed with a stacked design, utilizing Type III over Type I construction for expedited construction and reduced costs. The project also includes 11,259 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $40,000 per buildable unit, offering a privately funded developer the opportunity to fund the entire project without tax credits or government subsidies. The existing two retail units will be delivered vacant at the close of escrow, allowing a developer to break ground and start on the project once permits have been pulled.
24-350913
MLSⓇ ID
December 6, 2023
Listed
May 9, 2024
Updated
Map
4303 W Pico Blvd
Los Angeles CA, 90019
Exterior/Building Features
Lot Size
0.25 Acres
Other Property Details
Area Name
Hancock Park-Wilshire
Days on Market
121
Garage
No
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LAC4
Listed by Neema Ahadian with Marcus & Millichap
Listing Contact: 310-909-5444
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Data last updated 5/9/2024