2929 S Mansfield Ave

-This offering presents a rare opportunity to acquire two strategically located adjacent parcels in Los Angeles, ideal for streamlined residential development under highly favorable conditions. Key Investment Highlights: ED 1 Designated Properties: 2929 S. Mansfield holds “Eligible Site” status and 2924 S. Orange Dr. holds “Review Eligibility” status under Executive Directive 1 (ED 1), enabling expedited, ministerial approval processes and significant time savings. Attractive Price Point: Offered at just $228 per square foot, the properties provide exceptional value in a competitive Los Angeles development market. Premium Development Zoning: Both parcels are zoned LAR3 with a TOC Tier 3 designation, allowing for substantial density bonuses and reduced parking requirements, further enhancing the development potential. Strategic Land Assembly: The combined 14,417 square feet of land, with existing improvements, offers developers flexible options for phased or comprehensive redevelopment. Fast-Track Entitlement Advantage: ED 1 designation guarantees a 60-day review period and a streamlined entitlement process, potentially accelerating project timelines by several months. Zero Parking Potential: Proximity to transit corridors may allow for the complete elimination of parking requirements, significantly reducing construction costs and maximizing buildable area. Affordable Housing Incentives: Projects qualify for multiple incentives, including increased density, additional height allowances, and modified development standards under TOC guidelines and ED 1. Reduced Processing Costs: Developers benefit from lower filing fees, prioritized appointments, and dedicated support from LADBS’s Affordable Housing Section, minimizing administrative hurdles. This is a premier opportunity for developers seeking a cost-efficient, fast-track project in a highly sought-after Los Angeles location, with a clear path to maximizing entitlement potential and return on investment.