Description
BRC Advisors BH is pleased to offer for sale a vacant and "cleared" corner lot in Boyle Heights, that is development-ready for up to 45 affordable apartment units utilizing AB1763, the State Density Bonus law. The site is 8,897 SF zoned [LA]RD1.5-1, there are no required tenant relocations, and the structures have already been demolished. Recent state and local assembly bills affecting the City of Los Angeles provide density increases, parking reductions, and other incentives favorable to land sites such as this when providing an affordable component. The lot is both easily accessible and highly visible on a corner lot along Soto Street with easy access to the 5, 10, and 101 freeways. Additionally, the newly completed Metro Gold Line station at East 1st Street is only two blocks to the north.
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School Ratings & Info
Description
BRC Advisors BH is pleased to offer for sale a vacant and "cleared" corner lot in Boyle Heights, that is development-ready for up to 45 affordable apartment units utilizing AB1763, the State Density Bonus law. The site is 8,897 SF zoned [LA]RD1.5-1, there are no required tenant relocations, and the structures have already been demolished. Recent state and local assembly bills affecting the City of Los Angeles provide density increases, parking reductions, and other incentives favorable to land sites such as this when providing an affordable component. The lot is both easily accessible and highly visible on a corner lot along Soto Street with easy access to the 5, 10, and 101 freeways. Additionally, the newly completed Metro Gold Line station at East 1st Street is only two blocks to the north.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-26T10:26:45.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.