3219 Overland Ave Los Angeles, CA 90034

This offering presents a development opportunity in the Palms neighborhood of West Los Angeles. The property comprises three contiguous parcels totaling approximately 39,666 square feet, which is approximately 0.91 acres. Zoned R3-1, the property is offered as a single combined site and includes two vacant lots and one improved parcel with a 10-unit rent-stabilized building. The property's location, flexible zoning, and eligibility for a range of incentive programs make it a candidate for market-rate or affordable housing development. Located in a TOC Tier 2 area and a Low VMT zone, the property also benefits from eligibility for parking reductions and ministerial approval processes under AB 2097 and AB 2334. The site qualifies for multiple development pathways, including the City of Los Angeles's Mixed-Income Incentive Program (MIIP), California's State Density Bonus Law (SDBL) with AB 1287 enhancements, and SB 684's ministerial approval process, which is applicable to the two vacant parcels. The site is designated as both a HUD Difficult Development Area (DDA) and a "Highest Resource" Area under the 2025 TCAC/HCD Opportunity Area Maps. These designations provide a 30% basis boost for LIHTC-eligible costs (DDA) and improved scoring competitiveness for 9% tax credits and other state funding programs (Highest Resource).