3430 W Slauson Ave, Los Angeles, CA 90043

Description

We are pleased to present 3430 W. Slauson Avenue, a unique housing and redevelopment opportunity in the Hyde Park neighborhood of South Los Angeles. The property is currently operated as HighWay House, an affordable boarding/transitional housing residence affiliated with HighWay Ministries, a 501(c)(3) nonprofit public benefit corporation that has operated since 2008. The offering also provides the opportunity to potentially assume ownership of the existing 501(c)(3) nonprofit housing operation.The property currently accommodates 9 residents across 7 bedrooms and 2 RVs and includes 2 full bathrooms, a community kitchen, and a ground-floor church/community space with an additional half bathroom. The two seller-owned RVs may also be included in the sale at the sellers' discretion.An experienced operator may evaluate a variety of specialized housing uses, including transitional housing, sober living/recovery housing, supportive housing, independent living, assisted living, and group housing. The existing nonprofit structure may also provide opportunities to explore government programs, supportive-housing contracts, grants, insurance reimbursement, and other public or private funding sources.Alternatively, the property offers significant redevelopment potential. The 5,951 SF site is zoned LAC2 and located within TOC Tier 4, with an estimated density of approximately 15 units by-right and approximately 27 units utilizing TOC incentives. A developer may also evaluate a 100% affordable housing development utilizing ED-1 and other applicable density incentives, potentially allowing for greater density.Buyer to independently verify all zoning, density, TOC, ED-1, nonprofit/entity, licensing, permitting, occupancy, funding, and development information.