4303 Pico Boulevard

Los Angeles, CA 90019

$6,000,000

Listed Price
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bed Beds

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shower Baths

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straighten $551 / sqft

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
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Listing Information

Address 4303 Pico Boulevard
City Los Angeles
State CA
Zip 90019
County Los Angeles
Listing Agent Neema Ahadian DRE#01346750
Courtesy Of Marcus & Millichap
MLS 24350913
List Price $6,000,000
Status Active
Type Land
Structure Size N/A
Lot Size 10,887
DOM 124

Exterior Information

Maps

Listing information courtesy of: Neema Ahadian, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 5th, 2024 at 10:54 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.