6321 11th Avenue,Los Angeles,Los Angeles,Land

Property Description

Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. The existing structure consists of (3) two bedrooms, 1 bath per unit. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood’s new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!