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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1926 Eastlake Avenue Los Angeles, CA 90031
$2,290,000 0 beds, 0 baths
0 sqft
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Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTORĀ® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
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Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915
Mission Viejo 23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
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Agent Remarks

We are proud to present for sale a Ready-to-Issue 53-Unit, 100% Affordable Housing Development located at 1926 Eastlake Ave in the thriving neighborhood surrounding the USC Keck School of Medicine, just south of Lincoln Heights. Of the 53 units, 41 are restricted for Low-Income tenants, 11 for Moderate-Income tenants, and 1 unrestricted unit for an on-site manager. The rent levels for the project follow Schedule 1-HUD for Low-Income units and Schedule 6-HCD for Moderate-Income units. The project is set on a 14,097 SF lot and will be privately funded, with no tax credits or public funds required and not subject to prevailing wage and is in an Opportunity Zone. The development features a new four-story, Type V-A Construction totaling 26,905 SF of Zoning Floor Area. The design consists entirely of one-bed, one-bath units with an average unit size of approximately 444 SF, plus hallways, elevators, stairs, and shared laundry on each floor. Rentable Square Footage, per the LAHD Table of Rental Units adds up to 23,530 SF. The project, already designated as Ready-to-Issue, is ready for issuance of Permits. Amenities will include a Management Office, Lobby with a Package / Mailbox area, Bike Storage Room, spacious Rooftop Open Spaces, and some units with Balconies. The project provides 4 on-site parking stalls (not required by code under AB 2345) and robust bike parking (44 long-term, 6 short-term spaces). Over 5,300 SF of open space is included via balconies and common areas.Lincoln Heights and the greater area are rapidly developing neighborhoods known for their connectivity to Metro Rail, Rio de Los Angeles State Park, and the LA River Path. The site benefits from close proximity to major transportation corridors (the 5, 110, and 2 freeways) and Downtown LA, with quick access to shopping, dining, schools, and parks. The property has been Ellised and includes a Housing Crisis Act of 2019 (SB 8) Replacement Unit Determination indicating all existing residential dwelling units are exempt from Affordable Replacement (RSO Exemption). All current improvements are planned for demolition, with Demolition Plan Checks on LADBS listed as "Issued" in 2022. The property is offered with fully Ready-to-Issue plans and is ready for immediate development upon close of escrow.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25568509
List price is $2,290,000
Beds: 0
Baths: 0
0.33 acres
Lot size: 0.3294
County: Los Angeles
Zoning: RD3-1
MLS area: 677 - Lincoln Hts

Last Updated: 7/22/2025

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This listing belongs to the 677 - Lincoln Hts MLS area

Lat/Long: 34.066929, -118.207359.
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Listing Agent: Dario Svidler
Co Listing Agent: Jordan Petito
Lic#: 01234982
Office Name: Mission Viejo

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTORĀ® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com

Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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