1313-1337 W 11th Pl, Los Angeles, CA — Sale in Los Angeles, CA

  • Price: $16M
  • Listing type: For sale
  • Asset type: Business
  • Location: Los Angeles, CA 90015

Description

This offering includes a total of 6 parcels totaling +/-68,707 SF of CM-1-0 zoned land directly parallel with the 110 freeway in the city of Los Angeles. The lots are currently being utilized as paid parking - public parking lots. These lots are ED1 eligible for housing development which allows for the following based on discussions with city planning: Here is a breakdown of what city planning allows for the lots based on its ED1 eligibility (buyer to verify): - By right, the sites allow for 94 plus 78 market rate units (172 total) - With a 23% affordability component, the site allows for 165 plus 137 units (302 total) - with a 100% affordability component, there is unlimited density with the only restriction at this time of 75 feet high (building height - approx 6 stories) The ED1 is a streamlined process of 60 days. The site does not require entitlements based on its zoning and location. Land Size: 1.57 Ac | Listing Type: FOR SALE

Market Context

This commercial property in Los Angeles, CA is listed for sale at $16,000,000. It has been on the market for 9 days. Compare it against other commercial property listings for sale in Los Angeles, CA — view the full market.

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