4159 S Central Avenue,Los Angeles, CA 90011
Los Angeles, CA 90011
Description
An exceptional development opportunity in a prime South Los Angeles location. This fully approved site is entitled for 46 units of 100% affordable housing, offering a valuable asset for developers focused on socially impactful and income-generating projects. Key Highlights: Entitlements Approved: Plans fully approved for 46 units45 one-bedroom units and 1 single/studio unit. Affordable Housing: All units designated as affordable, aligning with city and state incentives. No Underground Parking Required: Simplifies construction and reduces development costs. Transit-Oriented Location: Convenient access to bus lines and daily necessities, enhancing tenant accessibility and appeal. Alley Access: Rear alley facilitates easier construction logistics and future service access. Vacant Building: No current tenants; no relocation required under the Ellis Act. Projected Gross Income: Approximately $1.1 million/year upon stabilization (subject to rent levels and management).This site is ideal for developers looking to execute a high-impact, lower-barrier affordable housing project in a high-demand area of Los Angeles. The clean entitlement status and absence of relocation obligations make this a turn-key development opportunity. The listing broker/agent is part owner.
Details
| MLS # | 25552243 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 31 |
| Listing Provided By | Landmark One Realty | Mojgan Yamini |
Features
| SQ Feet | 4,892 |
|---|---|
| Zoning | LAC2 |
| Acreage | 0.17 |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
 | $1,390,000662 E 42nd StreetLos Angeles, CA 90011 |
 | $1,447,7004625 S Central AvenueLos Angeles, CA 90011 |