Price Reduced Listing
$1,160,000
 $6,227 est/mo Sourced by Back At You

4159 S Central Avenue,Los Angeles, CA 90011

Los Angeles, CA 90011

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Description

We are pleased to present a 46-unit development opportunity, fully RTI at 4159 S Central Avenue. Currently sitting as a vacant mixed-use building on a 7,598 SF lot, the site is RTI for forty-six (46) units across four (4) stories, or 49ft. The unit mix consists of two (2) studio / one-bathroom units and forty-four (44) one-bedroom / one-bathroom units. Entitled under ED1 (100% affordable), the site has a mix of 80% low income units under schedule 9, and 20% moderate income units under schedule 6 (with exception of one manager unit at market rate). The project delivers approximately 21,520 SF of GBA and 5,914 SF of net livable area. The existing structure consists of 4,892 SF of vacant mixed-use space. For value-add investors and owner-users alike this creates an alternate opportunity to capitalize on the existing space while adding square footage to the building. Situated in a solid South-Central location, this offering presents a good opportunity for any developer to capitalize on a high-density and cost efficient multifamily project in a corridor with an active pipeline of proposed affordable and mixed-use projects and a 71%+ renter-occupied housing base.

Details

MLS #26998135
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site20
Listing Provided ByCBRE | John Boyett

Features

ZoningLAC2
Acreage0.17
Property ViewYes

Exterior

Lot FeaturesRectangular Lot, Value In Land

Utilities

SewerOther

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90011
AreaC42 Downtown L.A.
Listing VS Median (in 90011)
Price:
$1,160,000
low | high
Med:
$670,000
92.241379310345% of Average
On site:
20
low | high
Med:
75
26.666666666667% of Average
Sourced by Back At You

Market Activity 90011

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Additional Information

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Contact

Learn More About This Property

Wayne Miller

Wayne Miller

LHC Firm Commercial

02088562 (386) 503-2702waynemillerrealestate@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90011
AreaC42 Downtown L.A.
Listing VS Median (in 90011)
Price:
$1,160,000
low | high
Med:
$670,000
92.241379310345% of Average
On site:
20
low | high
Med:
75
26.666666666667% of Average
Sourced by Back At You
Listing Updated: October 15, 2026 at 5:04:24 PM PDT

Wayne Miller - LHC Firm Commerical