REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,350,000
Est. payment /mo
New
1411 W 11th ST Los Angeles, CA 90015
0.29 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25562331
HOA Y/N No
Lot Size 0.291 Acres
Lot Dimensions Assessor
Property Description
We are pleased to present a multifamily or mixed-use development opportunity at 1411 & 1415 W 11th Street in the dynamic Pico Union neighborhood of Los Angeles. These two contiguous parcels total approximately 12,678 square feet of flat land, with combined dimensions of 100 by 126 feet on street-to-street lots. Both parcels are improved with income-producing apartment buildings and offer significant redevelopment and value-add potential.The site qualifies for Transit Oriented Communities Tier 2, the Mixed Income Incentive Program (MIIP) Opportunity Corridor, and the Citywide Housing Incentive Program (CHIP). These programs allow for more units, higher floor area ratio, greater height, and significant reductions or elimination of parking requirements for projects that include affordable housing. Under the State Density Bonus Law (AB 2345 and AB 1287), developers who set aside at least 10% of units for very low-income tenants or 20% for low-income tenants can combine state and city bonuses to achieve more density and additional incentives. Projects that are 100% affordable may be eligible for unlimited density and no parking requirements. Executive Directive 1 (ED1) also allows 100% affordable housing projects to qualify for expedited, fast-track city approvals.Strategically located near major transportation routes and key city amenities, the site is well positioned for efficient development and construction. Its central location supports strong demand for new housing and offers the potential for long-term investment returns. Listing includes two APNs: 5137-012-008 and 5137-012-009.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning C1-1
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 5137012009
Special Listing Condition Standard
Lease Land No
Listed by Dario Svidler Keller Williams Beverly Hills