1313-1337 11Th Pl, Los Angeles, CA 90015
1.57 Acres of Commercial Land in Los Angeles, CA 90015
For Sale
Active
23 pictures
- Property Type
-
Land
- Square Feet
- 68,389 SF
Listing Contacts
Patrick Sharples
Property Overview
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.
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.
Property Details
- Property Subtype
- Commercial
Highlights
- Prime DTLA location
- ED1 eligible development opportunity
- Fast track housing development opportunity
- Currently operating as public parking (paid parking)
- Located off 11th Street and the 110
- Walking distance to Entertainment District - Crypto arena
All available spaces
- Space
- Lot 1
- Size
- 68,389 SF
Nearby Properties
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