Marcus & Millichap is pleased to present a development opportunity on the corner Avalon Boulevard and 48th Street in
Los Angeles California. The property consists of 16,438 sq. ft. of [Q] R4-1 land with alley access in the back of the lot.
Current owner has started the process to begin entitlements for a 33 unit apartment building consisting of 21: 1 Bed and
1 Bath, 6: 2 Bed and 2 Bath and 6: 3 Bed and 2 Bath. The property will also have 3 commercial units on the ground
floor. The total Square footage for the residential units will be 31,285 and the commercial area will be 5,025 sq. ft. The
plans call for a total of 55 parking spaces which are to be on grade.
Marcus & Millichap is pleased to present a development opportunity on the corner Avalon Boulevard and 48th Street in
Los Angeles California. The property consists of 16,438 sq. ft. of [Q] R4-1 land with alley access in the back of the lot.
Current owner has started the process to begin entitlements for a 33 unit apartment building consisting of 21: 1 Bed and
1 Bath, 6: 2 Bed and 2 Bath and 6: 3 Bed and 2 Bath. The property will also have 3 commercial units on the ground
floor. The total Square footage for the residential units will be 31,285 and the commercial area will be 5,025 sq. ft. The
plans call for a total of 55 parking spaces which are to be on grade.
