For Sale Commercial MLS# 26997937

1949 Adair Street

Los Angeles, CA 90011

$1,299,000

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About 1949 Adair Street

39-Unit 100% Affordable Housing Project Rare opportunity to acquire a shovel-ready 39-unit 100% affordable housing project. 39 total units 31 one-bedroom units 8 studio/single units plus 2 additional ADUs, including office space Rooftop deck. No demolition costs, No relocation costs. Ready to break ground Seller is willing to provide seller financing/carryback with a low interest rate for 2 years, providing an attractive opportunity for qualified buyers. This project offers a streamlined path to development with significant pre-development work already completed and no demolition or tenant relocation costs. The seller's willingness to carry financing may further reduce the buyer's upfront capital requirements. Serious buyers/investors are encouraged to inquire for project details, plans, approvals, financials, and seller-financing terms.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Lot
0.1652
Original price
$1,350,000
MLS #
26997937

Exterior & lot

Features
Parking spaces: 0
Lot
C2

Schools

District
Los Angeles Unified School District

Financial

Parcel
5127003001
Special conditions
Standard

Location

Area
C42 - Downtown L.A.
County
Los Angeles
Neighborhood
Historic South Central
Community
0.0
Directions
S. of Washington Blvd.

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Listed by Mojgan Yamini, Landmark One Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.