Active
4303 W Pico Blvd
Los Angeles CA, 90019
$6,000,000
$363.33 per sqft
Active
0.38 Acres
Land
We are pleased to present a unique affordable housing development opportunity at 4303-4313 W Pico Blvd in Mid City. Plans call for 152 income-restricted housing units with an ideal unit mix of 81 singles and 71 one-bedrooms with no parking required. 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 six-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 7,747 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $39,474 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.
25491423
MLSⓇ ID
January 29, 2025
Listed
January 30, 2025
Updated
Map
4303 W Pico Blvd
Los Angeles CA, 90019
Exterior/Building Features
Lot Size
0.38 Acres
Other Property Details
Area Name
Hancock Park-Wilshire
Days on Market
9
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 1/30/2025