1422 E Imperial Hwy Los Angeles, CA 90059

Located off the 105 Freeway between S Central Ave & Compton Ave, the 23,435 SF lot at 1422 E Imperial Hwy in Los Angeles, CA, presents an affordable housing development opportunity. The lot will be delivered fully entitled for 120 income-restricted housing units and 1 manager unit, with no parking required. The finished project totals 67,112 SF and has a desirable unit mix of eight singles (290SF), 108 one-bedrooms (430-460 SF), and five two-bedroom (505-615 SF). The project is offered at a low $38,958 price per buildable unit. The lot will be delivered vacant at the close of escrow, allowing a developer to break ground immediately. Its central infill location and proximity to major employment hubs such as Rancho Dominguez, Compton, South Gate, and South Los Angeles support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8. Plans call for an efficient four-story project, utilizing Type V-A construction for a stacked design reducing construction costs for the developer. Also this Gem is an excellent opportunity for a fully Automated Car Wash ,with ample space and high visibility to attract consistent traffic and customers. The affordability of the project opens avenues of mission driven financing through CDFIs or mission driven lenders. Located in a dense location of South Los Angeles, just south of Nickerson Gardens and less than a mile from the Martin Luther King Jr Community Hospital. The access to the 105 Freeway allows for a convenient commute throughout Los Angeles, the South Bay, and throughout the Mid-Counties. The lot size is 0.5381 acres.