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4424-4428 S Western Ave - Auction: Bidding Starts December 15, 2025 0.27 Acres of Commercial Land in Los Angeles, CA 90062
EXECUTIVE SUMMARY
Starting Bid: $500,000
Approved 47-Unit 100% Affordable Housing Development | RTI
This shovel-ready affordable housing development opportunity located at 4424-4428 S. Western Avenue in the heart of South Los Angeles. The project has full entitlements and will be delivered Ready-To-Issue (RTI) with building permits in place for a four-story, 47-unit Type V-A apartment building - a fully affordable housing community with no on-site vehicle parking required.
Strategically located in a Transit Oriented Community (TOC) Tier 3 zone, the project benefits from significant density and parking incentives under the TOC guidelines, facilitating efficient and cost-effective development. This infill site is ideally positioned for a sponsor seeking to deliver much-needed affordable housing in Los Angeles while maximizing entitlements and return on investment through streamlined approvals and RTI delivery.
This is an exceptional opportunity for mission-driven developers, nonprofit organizations, or LIHTC-focused investors to acquire a fully entitled, permit-ready project in one of the most underserved housing markets in Los Angeles.
* 100% Affordable Housing Development
* 8 units designated for Very Low-Income households (per Schedule VI)
* 38 units designated for Low-Income households (per Schedule I)
* 1 on-site manager’s unit
* Unit Mix: All 47 units are one-bedroom
* Total Building Area: ±28,773 square feet
* Lot Size: ±11,592 square feet (two contiguous parcels)
* APNs: 5016-004-004 & 5016-004-005
* Zoning: C2-2D-CPIO
* TOC Tier 3 – maximizing incentives for affordable development
* No on-site parking required – 44 bicycle parking spaces provided
* 60-foot building height with rooftop deck open space
Contact the agent today to request the full due diligence package.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.27 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | C2-2D-CPIO | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.27 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C2-2D-CPIO |
1 LOT AVAILABLE
Lot
| Lot Size | 0.27 AC |
| Lot Size | 0.27 AC |
4424-4428 S. Western Avenue is located in the heart of South Los Angeles. The project has full entitlements and will be delivered Ready-To-Issue (RTI).
DESCRIPTION
This shovel-ready affordable housing development opportunity is located at 4424-4428 S. Western Avenue in the heart of South Los Angeles. The project has full entitlements and will be delivered Ready-To-Issue (RTI) with building permits in place for a four-story, 47-unit Type V-A apartment building - a fully affordable housing community with no on-site vehicle parking required. Strategically located in a Transit Oriented Community (TOC) Tier 3 zone, the project benefits from significant density and parking incentives under the TOC guidelines, facilitating efficient and cost-effective development. This infill site is ideally positioned for a sponsor seeking to deliver much-needed affordable housing in Los Angeles while maximizing entitlements and return on investment through streamlined approvals and RTI delivery.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $285,994 | |
| Land Assessment | $1,358,876 | Total Assessment | $1,644,870 |
PROPERTY TAXES
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4424-4428 S Western Ave - Auction: Bidding Starts December 15, 2025
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