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An exceptional development opportunity in a prime South Los Angeles location. This fully approved site is entitled for 46 units of 100% affordable housing, offering a valuable asset for developers focused on socially impactful and income-generating projects. Key Highlights: Entitlements Approved: Plans fully approved for 46 units45 one-bedroom units and 1 single/studio unit. Affordable Housing: All units designated as affordable, aligning with city and state incentives. No Underground Parking Required: Simplifies construction and reduces development costs. Transit-Oriented Location: Convenient access to bus lines and daily necessities, enhancing tenant accessibility and appeal. Alley Access: Rear alley facilitates easier construction logistics and future service access. Vacant Building: No current tenants; no relocation required under the Ellis Act. Projected Gross Income: Approximately $1.1 million/year upon stabilization (subject to rent levels and management).This site is ideal for developers looking to execute a high-impact, lower-barrier affordable housing project in a high-demand area of Los Angeles. The clean entitlement status and absence of relocation obligations make this a turn-key development opportunity. The listing broker/agent is part owner.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 6/13/2025 | Year Built | 0 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| LOT | 7601 sq ft |
| VIEW DESCRIPTION | None |
Location
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Listed with Landmark One Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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