5758 11th Ave
Los Angeles, CA 90043
Multifamily Property For Sale · 2 Units

Exceptional investment opportunity in a promising location! Situated on 11th Street in a growing area of Los Angeles, this residentially zoned property currently features 2 units and is ideal for substantial development under the city's new density program. The site has the potential to accommodate up to 32 new units, benefiting from significant parking reductions and streamlined ministerial approval. This is a perfect project for experienced developers looking to leverage density bonuses and expand their housing portfolio. Don’t miss out on this valuable opportunity— contact us today for more details!

Great opportunity for a builder to develop, an investor to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unlock the potential of a prime development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 4 site, this property offers significant incentives for increased density and reduced parking requirements. The ample lot size and substantial allowable floor area make it an ideal choice for developers seeking to create a high-density, multifamily residential project. Key features include a generous Buildable Area: The property spans 7,479 sq. ft. with a buildable square footage of 22,437 sq. ft., providing ample space for a substantial development. Optimized density and parking efficiency may allow developer to benefit from an 80% increase in allowable density and a 55% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents . Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information given deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation in order to confirm the accuracy of all information including but not limited to lot size, zoning, development opportunities and building restrictions. One of the two units may be delivered vacant at close of escrow. showings will be scheduled by appointment with accepted offer subject to interior inspection. call listing agent for information on current rent roll.

One unit of this property is currently being used as 30+ Airbnb. This unit may be delivered vacant at COE. The other unit is tenant occupied will is being sold with tenant in place. Current rent from tenant is approximately 1700.00/month. owner pays all utilities. Showings by appointment with accepted offer subject to interior inspection. Please do not disturb occupants.