For Sale
$3,100,000

4424 Western Ave Los Angeles, CA 90062

47-unit affordable housing building

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 47-unit apartment building, located at 4424 & 4428 S Western Ave, Los Angeles, CA 90062, presents a compelling investment opportunity. The property boasts a total area of 28,773 square feet on an 11,592 square foot lot (APN: 5019-009-030) and is zoned C2-D2-CPIO. This four-story building, constructed as a Type V-A structure, is dedicated entirely to affordable housing, replacing a previous commercial building. The unit breakdown includes 8 units for very low-income residents, 38 units for low-income residents, and 1 manager's unit. No on-site parking is provided, aligning with environmentally friendly city goals. Architectural features include stacked, offset masses creating landscaped areas and a rooftop deck offering common open space. The project is fully privately funded, utilizing no tax credits or public housing programs. By dedicating 100% of units to affordable housing, it qualifies for the Transit Oriented Communities (TOC) Tier 4 program, contributing significantly to the area's affordable housing stock. The asking price for this prime Los Angeles property is $3,100,000.

Highlights

  • 47-unit apartment building at 4424 & 4428 S Western Ave, Los Angeles, CA 90062.
  • 28,773 square feet on an 11,592 square foot lot (APN: 5019-009-030), zoned C2-D2-CPIO.
  • Four-story, Type V-A construction; 100% affordable housing (8 very low-income, 38 low-income, 1 manager's unit).
  • No on-site parking; features rooftop deck and landscaped areas.
  • Privately funded, Transit Oriented Communities (TOC) Tier 4 qualified; asking price: $3,100,000.

Property Details for 4424 Western Ave

Property type
Apartment buildings
Square Feet
28,773 SF
Stories
4
Units
47

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0030888
Longitude
-118.308632

FAQs

What type of property is this?
Apartment building - 47-unit affordable housing building
Where is the apartment building located?
The property is located at 4424 Western Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 47-unit apartment building at 4424 & 4428 S Western Ave, Los Angeles, CA 90062.; 28,773 square feet on an 11,592 square foot lot (APN: 5019-009-030), zoned C2-D2-CPIO.; Four-story, Type V-A construction; 100% affordable housing (8 very low-income, 38 low-income, 1 manager's unit).
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4424 Western Ave
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