Property Description for 5503 Avalon Blvd Lot Size: 6,611 sqft Zoning: Commercial Discover a prime opportunity at 5503 Avalon Blvd, a spacious 6,611 sqft lot situated in a vibrant Los Angeles neighborhood. This commercial property is ready for immediate development, making it ideal for investors and builders alike. With its strategic location, the lot offers excellent potential for residential or commercial projects. Highlights: Water and Electricity ready. Versatile Zoning: Suitable for various uses, maximizing your investment potential. Prime Location: Conveniently located near major transportation routes, shops, and local amenities. Community Growth: Situated in an area experiencing growth and revitalization, promising increased value over time. Don’t miss this incredible opportunity to develop in one of Los Angeles’ up-and-coming areas. Contact us today for more information or to schedule a viewing!
Kidder Mathews is pleased to present a 100% affordable housing development opportunity in Historic South Central, just 1.7 miles southeast of the USC and Exposition Park.The 7,598 SF lot will be delivered RTI for 46 100% affordable units Plans call for 2 studios (average 273 SF) and 44 one-bedroom units (330-360 SF) with no parking required. The 4-story building totals 21,520 gross sf of Type V-A construction. The seller will deliver the project with a complete set of plans fully RTI and a vacant commercial building existing on the site. The project is located walking distance to Wadsworth Elementary, Sally Ride Elementary, Harmony Elementary, Thomas Jefferson High School, Nava College Preparatory Academy, and Ross Snyder Recreation Center.Building amenities include a laundry room, office room, 44 bicycle spaces, and a 3,046 sf roof deck with views of Downtown LA to the north. While the plans call for 46 units, new ownership could re-envision the project to significantly increase the density and number of units
Vacant lot property has been demolished to build 1 3-level apartment style building. Comprising of 7 units with 2 bedrooms/ 2 baths each, at 900 sqft per unit.
We are pleased to present a ready-to-issue (RTI) 48-unit, 100% affordable housing project available for sale on an 8,199 square foot lot. This 4-story apartment development is designed with efficiency in mind, featuring a recreation room that has the potential to be converted into an Accessory Dwelling Unit (ADU). The project includes 14 studios, 33 one-bedroom units, and 1 studio manager's unit, with a total gross buildable space of approximately 23,323 square feet and a total rentable space of approximately 17,126 square feet. The focus on housing affordability is highlighted by the allocation of 10 units for moderate-income households (110% AMI or below), 37 units for low-income households (80% AMI or below), and 1 market-rate manager's unit. Rent amounts for the very low and moderate-income units are available on HCD Schedule VI, while rent for the low-income units can be found on TCAC Schedule IX. Additionally, the property's location may attract Section 8 voucher tenants, potentially increasing income by around 20% for each unit. Situated in a primarily residential neighborhood near a hospital and park, the property offers ample access to street parking within a walkable radius. Despite having zero parking spaces, which reduces construction costs, the neighborhood is very walkable with excellent transit options, as reflected by a Walk Score of 79. The property is currently used as car storage, rented on a month-to-month basis for $1,800.
Development opportunity near USC in Downtown Los Angeles! Large VACANT LOT almost 8,500 SF zoned LARD2. The existing structures have been demolished. The sellers have preliminary plans for large 6 units, all with 3 bedrooms and 3 bathrooms, 11,000 SF of living space. Plans include 18 parking spots on the first level, and 2 levels of living space above parking. Sellers are in the process of submitting the plans to the city. Plans are available for review upon request. The plans were designed with student housing in mind. Great location in Downtown Los Angeles near USC, shops, restaurants, public transportation and easy freeway access.
An affordable housing development opportunity at 1432 E 25th St just south of Downtown Los Angeles. The 10,509 SF lot will be delivered RTI for 54 income-restricted units and 1 manager unit. The project is located between Hooper Ave and Compton Ave, just 3 miles east of USC. The project is offered at a low $44,545 per buildable unit, with no tenant relocation required. There is currently an existing 4,196 SF structure that will be delivered vacant at the close of escrow.Plans call for 6 singles (320 SF) and 49 one-bedroom units (388 SF) with no parking required. The four-story building totals 26,048 SF and includes amenities such as a 4,400 SF communal roof deck, allowing residents unobstructed views of Downtown Los Angeles to the north. Located in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; walk score of 77 and close to multiple Metro local lines and the Metro A rail line. The cost-efficient design calls for four stories of Type V construction, with no parking requirements. Design features of the project include stucco-clad, vertically undulating balconies sweeping across the main elevation seamlessly integrating modern design elements with functionality. Potential design finishes for the balconies include a wood trim on all inside-
RTI and SB8 Cert APPROVED!! Don't miss out on this exceptional investment opportunity! This lot is being sold with approved plans to build an approximately 2,600 sq ft of total living space duplex with garages/parking and a potential for 4th and 5th unit ADU. Spanning two floors, this spacious multi-family building offers three units with incredible income potential. The first floor features two separate units: a 2-bedroom, 1-bathroom unit spanning 787 sq ft and a 1-bedroom, 1-bathroom unit spanning 547 sq ft. These units provide comfortable and functional living spaces with an in-unit washer and dryer. Potential 4th/5th unit on second floor presents 3 bedrooms and 2.5 bathrooms, offering 1,266 sq ft of space or split into 2 spaces making it a 5th unit. This unit provides additional room and luxurious amenities, making it an appealing choice for tenants seeking more space and upscale living. Located in a prime area, this property is a fantastic investment opportunity for seasoned investors and first-time buyers seeking a unique living arrangement. With multiple income streams from the three units, you can enjoy the potential for significant rental income. Don't delay! Take advantage of this opportunity to add a lucrative multi-family property. Schedule a showing today to explore
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90011 has a population of 3,902,440. Los Angeles 90011 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90011 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90011 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.