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$925,000
Listing Price3beds
3baths
1,986sqft
8,997sqft lot
3548 Sabina St, Los Angeles, CA 90023
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
We are pleased to present an 8,997 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 8,997 SF lot with RTI plans for a 32-unit, 100% affordable project comprised of 75% (24 units) low-income, 22% (7 units) moderate-income, and 3% (1 unit) market-rate units. The project features a streamlined unit mix of all one-bedroom units within a three-story Type V-A building totaling 14,780 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 low-income units supports higher scheduled rents, with projected one-bedroom rents of approximately $2,200 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 32-unit affordable project with an efficient one-bedroom unit mix, favorable income targeting that supports stronger rents, and a cost-effective Type V-A design in a solid Boyle Heights location. ****Seller is selling RTI plans as is- approximately $75,000 - $100,000 in fees to get RTI from current stage****
Interior Details
1986
3
3
Has Heating:
Yes
Heating Type:
Yes
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8997
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Triplex
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,042
$22,613
$23,284
--%
$45,897
2019
$1,042
$22,170
$22,828
--%
$44,998
2018
$874
$21,736
$22,381
--%
$44,117
2017
$859
$21,310
$21,943
--%
$43,253
2016
$819
$20,893
$21,513
--%
$42,406
2014
$752
$20,177
$20,775
--%
$40,952
2013
$751
$20,086
$20,682
--%
$40,768
2012
$752
$19,693
$20,277
--%
$39,970
Average Home Price in 90023
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles




