4129 Avalon Blvd
Los Angeles, CA 90011 Vernon-Main

New Price!

PartnersCRE is proud to present for sale a ready-to-issue (RTI) 48-unit, 100% affordable housing project on an 8,199 SF lot. This 4-story apartment development is designed with efficiency in mind. The recreation room has the potential to convert into ADU. It features a stacked on-grade design and includes:

•	14 Studios
•	33 One-Bedroom Units
•	1 Studio Manager’s Unit

The total gross buildable space is approximately 23,323 SF and the total rentable space is approximately 17,126 SF.
Housing affordability is a key focus, with:

•	10 units for moderate-income households (110% AMI or below)
•	37 units for low-income households (80% AMI or below)
•	1 market-rate manager’s unit

The rent amounts for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit.

The property is situated in a primarily residential neighborhood near Hospital and Park, offering ample access to street parking within a walkable radius. The proposed development features zero parking spaces, which reduces construction costs for the developer. The neighborhood is very walkable with excellent transit, as indicated by a Walk Score of 79.

The property is currently used as Car Storage, rented month-to-month at $1,800.

Seller is willing to provide Seller Financing and be in a second position to a construction loan.

Please reach out to Listing Agent 2 for information.