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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 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.
Property Type(s):
Commercial
| Last Updated | 3/4/2026 | Year Built | 0 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| LOT | 9317 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 9317 |
Location
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Listed with Mulholland Realty, Inc.
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.
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