Multi-Family
3329 Whittier Blvd
3329 Whittier Blvd, Los Angeles, CA 90023
Listing Price: $1,175,000
Investment Overview
Marcus & Millichap is pleased to present a rare development opportunity at 3329 Whittier Blvd in Boyle Heights, just west of Lorena St. This 8,037 SF vacant lot is zoned C1.5-1-CUGU in a Tier 3 TOC and comes RTI for a 32-unit project. The approved plans feature 28 one-bedroom and four two-bedroom units, including four deed-restricted extremely low-income units.
With no tenant relocation required, this project provides investors with the chance to capitalize on Los Angeles’ affordable housing incentives, including Section 8 rental potential and no parking requirements under AB 2097. Priced at just $36,719 per buildable unit and $146 per SF, the property is an attractive option in a high-demand rental market.
Boyle Heights remains a thriving investment market located near schools, major employment centers in the Arts District, Vernon, and Downtown LA, and well-connected by Metro transit options. This site is ideally positioned for renters seeking convenience and accessibility.
3329 Whittier Blvd
Investment Highlights
- The vacant lot spans 8,037 square feet, zoned C1.5-1-CUGU, and located within a Tier 3 TOC designation.
- The project is RTI for 32 units, offering a mix of 28 one-bedroom apartments (~470 SF each) and four two-bedroom apartments (~515 SF each).
- A rare opportunity to acquire an RTI TOC project with only 4 deed-restricted units, benefiting from Los Angeles' affordable housing incentives, Section 8 rental potential, and no parking requirement
- Priced at just $36,719 per buildable unit and $146 per square foot, with no tenant relocation required.
- Conveniently located near Lorena Street Elementary and Robert Louis Stevenson Middle School, major employment hubs in the Arts District, Vernon, and Downtown LA, and well-connected to public transit via Metro L Line and Metro Local Line stops at Lorena & Whittier, making it ideal for car-free commuting.
Listing Price: $1,175,000
Investment Highlights
- The vacant lot spans 8,037 square feet, zoned C1.5-1-CUGU, and located within a Tier 3 TOC designation.
- The project is RTI for 32 units, offering a mix of 28 one-bedroom apartments (~470 SF each) and four two-bedroom apartments (~515 SF each).
- A rare opportunity to acquire an RTI TOC project with only 4 deed-restricted units, benefiting from Los Angeles' affordable housing incentives, Section 8 rental potential, and no parking requirement
- Priced at just $36,719 per buildable unit and $146 per square foot, with no tenant relocation required.
- Conveniently located near Lorena Street Elementary and Robert Louis Stevenson Middle School, major employment hubs in the Arts District, Vernon, and Downtown LA, and well-connected to public transit via Metro L Line and Metro Local Line stops at Lorena & Whittier, making it ideal for car-free commuting.
Investment Overview
Marcus & Millichap is pleased to present a rare development opportunity at 3329 Whittier Blvd in Boyle Heights, just west of Lorena St. This 8,037 SF vacant lot is zoned C1.5-1-CUGU in a Tier 3 TOC and comes RTI for a 32-unit project. The approved plans feature 28 one-bedroom and four two-bedroom units, including four deed-restricted extremely low-income units. With no tenant relocation required, this project provides investors with the chance to capitalize on Los Angeles’ affordable housing incentives, including Section 8 rental potential and no parking requirements under AB 2097. Priced at just $36,719 per buildable unit and $146 per SF, the property is an attractive option in a high-demand rental market. Boyle Heights remains a thriving investment market located near schools, major employment centers in the Arts District, Vernon, and Downtown LA, and well-connected by Metro transit options. This site is ideally positioned for renters seeking convenience and accessibility.
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