1313-1337 W 11th Pl, Los Angeles, CA

This offering includes a total of 6 parcels totaling +/-68,707 SF of CM-1-0 zoned land directly parallel with the 110 freeway in the city of Los Angeles. The lots are currently being utilized as paid parking - public parking lots. These lots are ED1 eligible for housing development which allows for the following based on discussions with city planning:
Here is a breakdown of what city planning allows for the lots based on its ED1 eligibility (buyer to verify):
 - By right, the sites allow for 94 plus 78 market rate units (172 total) 
 - With a 23% affordability component, the site allows for 165 plus 137 units (302 total)
 - with a 100% affordability component, there is unlimited density with the only restriction at this time of 75 feet high (building height - approx 6 stories)
The ED1 is a streamlined process of 60 days. The site does not require entitlements based on its zoning and location.