3548 Sabina Street

We are pleased to present an 8997 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 8997 SF lot with RTI plans for a 32unit 100 affordable project comprised of 75 24 units lowincome 22 7 units moderateincome and 3 1 unit marketrate units The project features a streamlined unit mix of all onebedroom units within a threestory Type VA building totaling 14780 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 lowincome units supports higher scheduled rents with projected onebedroom rents of approximately 2200 at 80 AMI The property offers strong access to major corridors freeways the Metro E Line and nearby amenities In addition Overall this is a rare opportunity to develop an RTI 32unit affordable project with an efficient onebedroom unit mix favorable income targeting that supports stronger rents and a costeffective Type VA design in a solid Boyle Heights location Seller is selling RTI plans as is approximately 75000 100000 in fees to get RTI from current stage