Auction: Bidding Starts on December 1, 2025. 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.