3548 Sabina St - Residential LAND FOR SALE


Los Angeles, CA 90023- Boyle Heights8,995 SF
$925,000 USD
818-448-4415
3548 Sabina St, Los Angeles, CA for Sale
$925,000 USD
Residential LAND - FOR SALE
1/6
8,995 SF

3548 Sabina St
Los Angeles, CA 90023
Boyle Heights


HIGHLIGHTS

  • Good Boyle Heights Location
  • RTI Plans for 32-Unit 100% Affordable Project - 24 Units Low-Income, 7 Units Moderate-Income, and 1 Unit Market Rent
  • Seller is Selling RTI Plans As Is- Approximately $75,000 - $100,000 in Fees to get RTI from Current Stage
  • 14,780 SF Proposed Building
  • Three-Story Type VA Construction (Lower Construction Costs)
  • No Extremely Low-Income Units - Much Higher Scheduled Rents than Typical ED1 Projects

OVERVIEW

Marcus and Millichap is pleased to present an 8,997 SF Lot with RTI plans located at 3548 Sabina St in Los Angeles, California. The subject property is located in a good Boyle Heights location, just north of Whittier Blvd and west of Indiana St. This offering presents a good Boyle Heights development opportunity on an 8,997 SF lot with RTI plans for a 32-unit, 100% affordable project comprised of 75% (24 units) low-income, 22% (7 units) moderate-income, and 3% (1 unit) market-rate units. The project features a streamlined unit mix of all one-bedroom units within a three-story Type V-A building totaling 14,780 SF. The property has a very efficient stacked layout for reduced construction costs. In addition, there is alley access in the back. Notably, the absence of extremely low-income units supports higher scheduled rents, with projected one-bedroom rents of approximately $2,200 at 80% AMI. The property offers strong access to major corridors, freeways, the Metro E Line, and nearby amenities. In addition, the seller is selling RTI plans as is- approximately $75,000 - $100,000 in fees to get RTI from current stage Overall, this is a rare opportunity to develop an RTI 32-unit affordable project with an efficient one-bedroom unit mix, favorable income targeting that supports stronger rents, and a cost-effective Type V-A design in a solid Boyle Heights location. For OM, please visit: https://www.lamultifamilydeals.com/properties/3548-sabina-st

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/ACRE

$4,478,486/AC

PRICE/SF

$103 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.21 AC

LAND SF

8,997 SF

OFFSITE IMPROVEMENTS

-

ZONING

RD1.5-1-CUGU

APN/PARCEL ID

5188-006-012

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.