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.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Other
Directions Information:
Directions: A few blocks south of the intersection of Avalon Boulevard and East Martin Luther King Jr. Boulevard. It's also located a short distance north of Vernon Avenue and east of South Central Avenue. The area is primarily residential with some nearby commercial establishments and is close to South Park.
Price Information
Listing Price Info
Price Summary:
List Price: $1,900,000
Tax Information:
Annual Amount: $2,486
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $876.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24427447
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 27, 2011
Jul 27, 2011Home Sold
$1,350,000
Apr 23, 2002
Apr 23, 2002Home Sold
$725,000
Mar 28, 2002
Mar 28, 2002Home Sold
$335,000
Nov 21, 1994
Nov 21, 1994Home Sold
$385,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,486
$174,053
2020
$2,422
$172,269
2019
$2,242
$168,892
2018
$2,195
$165,581
2017
$2,195
$162,335
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Ricardo Lizarraga Elementary
401 E 40th Pl
Distance between this listing and this school0.20 miles
Public District Grades KG-5
3
/10
Harmony Elementary School
899 E 42nd St
Distance between this listing and this school0.33 miles
Public District Grades PK-5
4
/10
Gabriella Charter 2
3736 Trinity St
Distance between this listing and this school0.34 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
George Washington Carver Middle School
4410 McKinley Ave
Distance between this listing and this school0.49 miles
Public District Grades 6-8
6
/10
Accelerated
4000 S Main St
Distance between this listing and this school0.49 miles
Public Charter Grades KG-8
4
/10
Alliance College-Ready Middle Academy 12
131 E 50th St
Distance between this listing and this school0.86 miles
Public Charter Grades 6-8
Nearby Schools
6
/10
Wallis Annenberg High School
4000 S Main St
Distance between this listing and this school0.49 miles
Public Charter Grades 9-12
8
/10
Alliance Patti and Peter Neuwirth Leadership Academy
4610 S Main St
Distance between this listing and this school0.67 miles
Public Charter Grades 9-12
6
/10
Animo Jackie Robinson High School
3500 S Hill St
Distance between this listing and this school0.83 miles
The neighbors living near this home have an average income of $28,750. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4129 Avalon Blvd
What is the listing price of this property?
The listing price of 4129 Avalon Blvd property is $1,900,000.
What type of property is this?
The property 4129 Avalon Blvd is land located in Los Angeles, California, 90011.
Is this property for sale now?
Active Listing: 4129 Avalon Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,486 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 27, 2011 for $1,350,000. (source: MLS/tax record).
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This home is located at 4129 Avalon Blvd in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This home sits on a 0.19 acre lot. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $1,900,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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