Description

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

  Land

• County

  Los Angeles

• Style

  Land

• AD ID

  50174103