1411 W 11Th St Los Angeles, CA 90015

Located in the Pico Union neighborhood of Los Angeles, this property presents a multifamily or mixed-use development opportunity. The site consists of two contiguous parcels totaling approximately 12,678 square feet of flat land, with combined dimensions of 100 by 126 feet on street-to-street lots. The parcels are improved with income-producing apartment buildings. 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. The site is located near major transportation routes and key city amenities. Listing includes two APNs: 5137-012-008 and 5137-012-009.