SOLD - $1,450,000 - $40,277 per door

America Partner of Keller Williams Beverly Hills is pleased to present the sale of 10820 S Avalon Blvd an 8,408 square foot lot located in South LA, zoned as LAR4. Proposed plans for a 36 unit have been submitted to the city and is Ready-to-issue (RTI). The unit mix of this property consists of 10 x studios and 26 x 1 bedroom units, all containing built in washer/dryer. The building includes an elevator, ample bicycle parking, and open space.

The unit mix of 10 studios and 26 one-bedroom units is ideal for the target demographic, which is typically single adults or couples without children.

The plans for this project are ready to issue, which means that construction can begin once acquired.

The project features a slab on grade type of construction where a concrete slab is poured directly onto ground, followed by Type VA wood frame construction.

The demand for affordable housing in Los Angeles is high, and there is a significant shortage of affordable units available. This makes affordable housing projects a sound investment choice.

10820 S Avalon Blvd is located in the South Los Angeles neighborhood of Los Angeles, California. The neighborhood is situated in the southern part of the city and is bordered by several other neighborhoods, including Watts, Compton, and Gardena.
The neighborhood is predominantly residential, with a mix of single-family homes, multi-unit apartment buildings, and commercial properties. The area is known for its diverse population and cultural offerings, including numerous churches, community centers, and cultural events.

Transportation in the area is primarily provided by the Metro Bus system, which offers several routes that serve the neighborhood. The property is also located near the 105 and 110 freeways, providing easy access to other parts of Los Angeles.

The neighborhood is home to several parks and recreational areas, including the Athens Park, which features a community center, pool, sports fields, and playgrounds. Other nearby parks include the Ted Watkins Memorial Park and the Watts Towers Arts Center.

The area has a mix of retail and commercial businesses, including grocery stores, restaurants, and small shops. The property is located near several shopping centers, including the South Bay Pavilion mall and the Compton Towne Center.