4921 S Figueroa Street, Los Angeles, CA 90037
Offered at
$1,995,000
Corner vacant lot that is fully entitled for a ED1 low income housing project. The ED1 site will be 120 units consisting of all 1 BR and studio units. There is no existing structures on the 12,131 SF lot and the zoning is LAC2-1VL-CPIO. The total size of the new building will be 51,389 SF and seven stories in heights. With it being an ED1 project there will be no parking required. Rare opportunity to purchase a fully entitled ED 1site in a LA location the is in the need of more affordable housing.