Request More Info
Schedule a Showing
Share
Print
|
We are pleased to present a multifamily or mixed-use development opportunity at 1411 & 1415 W 11th Street in the dynamic Pico Union neighborhood of Los Angeles. These two contiguous parcels total approximately 12,678 square feet of flat land, with combined dimensions of 100 by 126 feet on street-to-street lots. Both parcels are improved with income-producing apartment buildings and offer significant redevelopment and value-add potential.The site qualifies for Transit Oriented Communities Tier 2, the Mixed Income Incentive Program (MIIP) Opportunity Corridor, and the Citywide Housing Incentive Program (CHIP). These programs allow for more units, higher floor area ratio, greater height, and significant reductions or elimination of parking requirements for projects that include affordable housing. Under the State Density Bonus Law (AB 2345 and AB 1287), developers who set aside at least 10% of units for very low-income tenants or 20% for low-income tenants can combine state and city bonuses to achieve more density and additional incentives. Projects that are 100% affordable may be eligible for unlimited density and no parking requirements. Executive Directive 1 (ED1) also allows 100% affordable housing projects to qualify for expedited, fast-track city approvals.Strategically located near major transportation routes and key city amenities, the site is well positioned for efficient development and construction. Its central location supports strong demand for new housing and offers the potential for long-term investment returns. Listing includes two APNs: 5137-012-008 and 5137-012-009.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 7/8/2025 | Year Built | 0 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| LOT | 0.291 acre(s) |
| LOT DIMENSIONS | 100x126 |
| VIEW | Yes |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Keller Williams Beverly Hills
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.
Twitter
Facebook
Email