20-Unit Mixed-Use, Mixed-Income Project, RTI at COE or Build 50+ Units, 100% Affordable Housing

Highlights:

• Approved Project: 20-unit mixed-use design with 18 market-rate units, 2 low-income units, and 710 sq. ft. of commercial space.
• Proposed Unit Mix: 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units, totaling 20 residential units.
• Vacant Lot: 10,402 sq. ft. lot with 80’ x 130’ dimensions for high-density development.
• Versatile Zoning: C2-1VL-CPIO zoning supports residential, commercial, and mixed-use projects.
• Development Potential: Expand up to 50+ units using State Density Bonus Laws and Tier 1 TOC incentives.

Description:

PartnersCRE is pleased to present this exceptional 10,402-square-foot vacant lot in the heart of South Los Angeles. This property offers a unique opportunity for developers to meet the growing demand for residential, commercial, and mixed-use projects.

The property was previously RTI-approved for development, though the approvals have since expired. However, they can be renewed through an expedited process, providing a streamlined path to construction. The approved project features a 20-unit, 4-story mixed-use building with 18 market-rate units and 2 extremely low-income units, consisting of 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. The development includes 710 square feet of commercial space, 19 automobile parking spaces, and 30 bicycle parking spaces, with a total gross area of approximately 14,828 square feet.

With C2-1VL-CPIO zoning and a Tier 1 Transit-Oriented Communities (TOC) designation, developers can take advantage of State Density Bonus Laws (AB2334, AB2345, and AB1763) to build 50+ units of affordable housing. Additionally, a preliminary design for a 54-unit, 100% affordable housing development has been completed, showcasing the site’s potential for higher-density residential use.

This parcel will be delivered vacant at closing and is ready for immediate development. Whether pursuing the approved 20-unit project or maximizing the site’s full potential, this lot provides an excellent foundation for a transformative project.

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