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.
Property Details
Price:
$6,000,000
MLS #:
24-350913
Status:
Active
Baths:
0
Address:
4303 W Pico Blvd
Type:
Land
Neighborhood:
hancockparkwilshire
City:
Los Angeles
Listed Date:
Dec 6, 2023
State:
CA
Lot Size:
10,887 sqft / 0.25 acres (approx)
Schools
Interior
Exterior
Financial
See this Listing
Mortgage Calculator
Map
Community
- Address4303 W Pico Blvd Los Angeles CA
- AreaHancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
Similar Listings Nearby
- 1519 N Cahuenga BLVD
LOS ANGELES, CA$7,500,000
3.37 miles away
- 4155 Wilshire Blvd
Los Angeles, CA$6,500,000
1.12 miles away
- 500 S Union Ave
Los Angeles, CA$5,495,000
3.47 miles away
- 1771 N Crescent Heights Blvd
Los Angeles, CA$5,490,000
4.46 miles away
- 822 N Sweetzer Ave
Los Angeles, CA$4,990,000
3.53 miles away
- 854 S Normandie Ave
Los Angeles, CA$4,900,000
1.74 miles away
- 2004 Sunset Plaza Dr
Los Angeles, CA$4,500,000
4.98 miles away
- 1700 Viewmont Dr
Los Angeles, CA$4,250,000
4.74 miles away
- 1227 Havenhurst Dr
West Hollywood, CA$4,250,000
3.81 miles away
Courtesy of Neema Ahadian at Marcus & Millichap. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-04-30.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-04-30.
4303 W Pico Blvd
Los Angeles, CA
LIGHTBOX-IMAGES