Commercial Land for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90023

Description

Marcus and Millichap is pleased to present an 8,997 SF Lot with RTI plans located at 3548 Sabina St in Los Angeles, California. The subject property is located in a good Boyle Heights location, just north of Whittier Blvd and west of Indiana St. This offering presents a good Boyle Heights development opportunity on an 8,997 SF lot with RTI plans for a 32-unit, 100% affordable project comprised of 75% (24 units) low-income, 22% (7 units) moderate-income, and 3% (1 unit) market-rate units. The project features a streamlined unit mix of all one-bedroom units within a three-story Type V-A building totaling 14,780 SF. The property has a very efficient stacked layout for reduced construction costs. In addition, there is alley access in the back. Notably, the absence of extremely low-income units supports higher scheduled rents, with projected one-bedroom rents of approximately $2,200 at 80% AMI. The property offers strong access to major corridors, freeways, the Metro E Line, and nearby amenities. Overall, this is a rare opportunity to develop an RTI 32-unit affordable project with an efficient one-bedroom unit mix, favorable income targeting that supports stronger rents, and a cost-effective Type V-A design in a solid Boyle Heights location. Investment Highlights: • Good Boyle Heights Location • RTI Plans for 32-Unit 100% Affordable Project - 75% (24 Units) Low-Income, 22% (7 Units) Moderate-Income, and 3% (1 Unit) Market Rent • Streamlined Unit Mix - All One-Bedroom Units • Three-Story Type VA Construction (Lower Construction Costs) • 14,780 SF Proposed Building • Alley Access in the Back with Efficient Floor Plan for Lowered Construction Costs • No Extremely Low-Income Units - Much Higher Scheduled Rents than Typical ED1 Projects • Projected One-Bedroom Rents are ~$2,200+ at the 80% AMI Level Based on Current Housing Department Schedules

Market Context

This land in Los Angeles, CA is listed for sale. It has been on the market for 68 days. Compare it against other land listings for sale in Los Angeles, CA — <a href="/search/sale/land/california/los-angeles">view the full market</a>.

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