6321 11Th Ave Los Angeles, CA 90043

This exceptional Los Angeles property presents a unique investment opportunity. Located at 6321 11th Ave, Los Angeles, CA 90043, this fully vacant triplex sits on an 11,363 square foot lot zoned LAR3 (TOC Tier 3). The existing structure comprises three 2-bedroom, 1-bathroom units, totaling 2,447 square feet. The asking price is $1,299,999, translating to $531.26 per square foot and $433,333 per unit. Preliminary plans and conceptual drawings are available for a potential 100% Affordable ED-1 project, envisioning a 4-story (63 units), 5-story (77 units), or 7-story (107 units) building (buyer to verify with architect). Alternatively, the site allows for market-rate development, such as 10 townhomes plus two accessory dwelling units (ADUs), or remodeling the existing units with ADU additions. The property's prime location offers proximity to major attractions including SoFi Stadium, Hollywood Park, Kia Forum, and the Intuit Dome. Its adjacency to the Crenshaw Transit Corridor and Crenshaw Boulevard enhances its appeal. The area is experiencing significant growth, with several nearby properties undergoing similar ED-1 projects. Comparable properties of similar size have recently sold for $1.5 million, and one is currently listed at $2 million after vesting submission. This property is AB 2345 and AB 2097 qualified, with no parking requirement. The City of Los Angeles recently acquired a 41-unit building nearby for $17.2 million, further highlighting the area's rapid development. This is a rare opportunity to acquire a fully vacant lot of this size in a highly sought-after location.