A rare shovel-ready development opportunity in South Los Angeles with permits ready to be issued for immediate construction of a value-engineered, affordable housing multi-unit project. This corner lot is fully entitled for a four-story, 50-unit residential building consisting of all large one-bedroom units (49 affordable + 1 manager unit) with… Read More alley access in the rear and no existing structures, eliminating relocation or demolition costs. The approved plan utilizes cost-efficient Type V wood-frame construction with elevator access, optimizing build costs and long-term returns for developers and investors. The site also includes future potential to add up to 3 accessory dwelling units (ADUs) for additional income. Positioned in a transit-oriented neighborhood with strong rental fundamentals, the property is minutes from the 110 Freeway, Downtown Los Angeles, and USC and surrounded by multiple new construction projects, reinforcing demand in this underserved market. Delivered vacant and permits approved, this project offers both immediate build capacity and enduring market appeal for affordable housing investment. Read Less
Courtesy of Mulholland Realty, Inc. 310-999-3634
Listing Snapshot
Days Online
2
Last Updated
Property Type
Land
Lot Size
0.21 Acres
MLS Number
26659161
Additional Details
Building
0 sq ft
Disclosures
Affordable Housing Qualified
Lot
LotAcreage: 0.2139, LotSizeArea: 9,317
Parking
TotalParking: 0
Property
PropertySubType: Land, Zoning: LAC2
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