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$ 2,800,000
Est. payment /mo
Active
10898 Olinda Street Sun Valley (los Angeles), CA 91352
0.7 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25587153
HOA Y/N No
Lot Size 0.697 Acres
Acres 0.7
Property Sub-Type Unimproved Land
Property Description
We are pleased to present Olinda Apartments, a 100% affordable housing development located at 10898 W Olinda Street in Sun Valley, Los Angeles. The project represents a rare opportunity to deliver high-impact affordable housing in one of the San Fernando Valley's most underserved rental markets, strategically positioned within a designated Transit Priority residential area and a federally designated Opportunity Zone. The project will be delivered RTI within 90 days, providing investors with a near-term, shovel-ready development opportunity. Approved plans call for a 3-story, 78-unit apartment community totaling approximately 35,041 square feet of oor area. The 3-story design utilizes Type VA construction, which helps minimize development costs compared to podium or high-rise structures, while maintaining NFPA-13 sprinklers and full CBC accessibility compliance. The unit mix is designed for optimal absorption and affordability, including 31 studios, 40 one-bedrooms, and 7 two-bedrooms, while maximizing density through AB 1763 and AB 2334 incentives. Although parking is not required as an ED1 project, the development uniquely includes 40 surface parking spaces, adding both tenant convenience and additional investor appeal. A combination of rooftop and landscaped open spaces will se
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2408012004
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Listed by Filip Niculete • Marcus & Millichap