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4303 W Pico Blvd, Los Angeles, CA 90019
$6,000,000
4303 W Pico Blvd, Los Angeles, CA 90019View this property at 4303 W Pico Blvd, Los Angeles, CA 90019
4303 W Pico BlvdLos AngelesCA90019
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Property Description
4303-4313 W Pico Blvd is a unique affordable housing development opportunity in Mid City. Plans call for 149 income restricted housing units and 1 manager unit, with an ideal unit mix of 48 singles and 102 one-bedrooms. Unlike other ED1 projects, the design includes one level of on-grade parking for 39 spaces and is centrally located to major employment hubs. 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 seven-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 11,259 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $40,000 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.
Full Property Details
Full Property Details for 4303 W Pico Blvd
General
- Price: $6,000,000
- Status: Active
- Type: Lots/Land
- MLS ID: 24-350913
- Updated: 4/5/2024
- Added to Site: 143 day(s) ago
Location
- Area: Hancock Park-Wilshire
- County: Los Angeles
- Driving Directions: This affordable housing development opportunity at 4303-4313 W Pico Blvd, located between Crenshaw Blvd and S La Brea Ave in Mid City.
Lot Features
- Lot Size (Acres): 0.2499
- Lot Size: 10887
- Lot Size Source: Vendor Enhanced
- Zoning: LAC4
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5082-022-006
Listed by Marcus & Millichap, Neema Ahadian
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Schools
Schools serving 4303 W Pico Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1212 Queen Anne Pl, Los Angeles, CA 90019 | K-5 | 0.3 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 0.4 mi | |
4650 W Olympic Blvd, Los Angeles, CA 90019 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4303 W Pico Blvd
Date
Details
Price
Change
Source
12/06/2023
Listed
$6,000,000
166.67%
MLS
1/16/2020
Sold
$2,250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4303 W Pico Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$29,195
5%
$2,365,149
2%
2022
$27,852
1%
$2,318,775
2%
2021
$27,529
1489%
$2,273,310
2859%
2020
$1,733
2%
$76,829
2%
2019
$1,696
17%
$75,323
2%
2018
$1,450
1%
$73,847
2%
2017
$1,430
3%
$72,400
2%
2016
$1,392
1%
$70,981
2%
2015
$1,380
-2%
$69,915
2%
2014
$1,402
—
$68,547
—
2013
$1,396
—
$68,238
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4303 W Pico Blvd
4303 W Pico Blvd, Los Angeles, CA 90019 (MLS# 24-350913) is a Lots/Land property with a lot size of 0.2499 acres. 4303 W Pico Blvd is currently listed for $6,000,000 and was received on December 06, 2023. Want to learn more about 4303 W Pico Blvd? Do you have questions about finding other Lots/Land real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.