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746 E Washington Blvd - DTLA Affordable Housing Development Site 0.17 Acres of Commercial Land Offered at $2,300,000 in Los Angeles, CA 90021
INVESTMENT HIGHLIGHTS
- DTLA Multi-Family Development Site
- Zoned C2-2D-O-CPIO
- Prime Location With Metro A Line Frontage
- Two Parcels From New 55 Unit Apartment Building
EXECUTIVE SUMMARY
• Existing Building Area: 6,400± SF
• Land Area: 7,362± SF
• Construction Masonry
• Year Built: 1928
• Zone: LA C2-2D-O-CPIO
• APN: 5131-006-010
• TOC: Tier 3
• Opportunity Zone: Yes
Lot Size & Zoning: 7,362 SF lot zoned C2-2D-O-CPIO in the Southeast LA CPIO (Parkway Corridor Subarea). Base Density (CPIO-adjusted): 100% affordable projects are allowed 1 unit per 300 sq.ft., yielding a base density of ˜24–25 units. TOC Tier 3 Bonus: Applying the 70% TOC density bonus raises the unit yield to ˜40–43 units total. No Parking Required: Site is within ½ mile of transit and 100% affordable—no parking required under AB 2097 and TOC incentives. FAR Capacity: Up to 4.5:1 FAR (˜33,124 sq.ft. max buildable floor area); sufficient to accommodate all units. Height Limits with Bonus: Base zoning + TOC incentives allow up to ~7 stories (~77 ft) for residential use. No Site Plan Review: Unit count below 50 units avoids triggering Site Plan Review requirements. One-Bedroom Units: All units planned as 1-bedrooms, maximizing efficiency under high-density allowance. No Commercial Use Required: Residential-only development is permitted under C2 zone using TOC incentives. Maximized Use of Incentives: Project benefits from maximum zoning and TOC bonuses due to 100% affordability, enabling full site utilization.
PROPERTY FACTS
| Price | $2,300,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.17 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | LAC2-2D-O-CPIO - ommercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses | ||
| Price | $2,300,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.17 AC |
| Opportunity Zone |
Yes |
| Zoning | LAC2-2D-O-CPIO - ommercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses |
1 LOT AVAILABLE
Lot
| Price | $2,300,000 | Lot Size | 0.17 AC |
| Price Per AC | $13,608,823.25 |
| Price | $2,300,000 |
| Price Per AC | $13,608,823.25 |
| Lot Size | 0.17 AC |
DESCRIPTION
Prime Downtown Los Angeles development opportunity. Ideal for affordable housing. For a 100% affordable, Tier 3 TOC project, up to 40 one-bedroom units may be built (or 43 units using all bonus provisions). Washington Boulevard location across from Metro A Line light rail station. Just minutes east of South Park District, Los Angeles Convention Center, Crypto.com Area, Peacock Theater, and LA LIVE. East access to all DTLA freeways and public transit. • Existing Building Area: 6,400± SF • Land Area: 7,362± SF • Construction Masonry • Year Built: 1928 • Zone: LA C2-2D-O-CPIO • APN: 5131-006-010 • TOC: Tier 3 • Opportunity Zone: Yes Lot Size & Zoning: 7,362 SF lot zoned C2-2D-O-CPIO in the Southeast LA CPIO (Parkway Corridor Subarea). Base Density (CPIO-adjusted): 100% affordable projects are allowed 1 unit per 300 sq.ft., yielding a base density of ˜24–25 units. TOC Tier 3 Bonus: Applying the 70% TOC density bonus raises the unit yield to ˜40–43 units total. No Parking Required: Site is within ½ mile of transit and 100% affordable—no parking required under AB 2097 and TOC incentives. FAR Capacity: Up to 4.5:1 FAR (˜33,124 sq.ft. max buildable floor area); sufficient to accommodate all units. Height Limits with Bonus: Base zoning + TOC incentives allow up to ~7 stories (~77 ft) for residential use. No Site Plan Review: Unit count below 50 units avoids triggering Site Plan Review requirements. One-Bedroom Units: All units planned as 1-bedrooms, maximizing efficiency under high-density allowance. No Commercial Use Required: Residential-only development is permitted under C2 zone using TOC incentives. Maximized Use of Incentives: Project benefits from maximum zoning and TOC bonuses due to 100% affordability, enabling full si
PROPERTY TAXES
| Parcel Number | 5131-006-010 | Improvements Assessment | $301,446 |
| Land Assessment | $439,613 | Total Assessment | $741,059 |
PROPERTY TAXES
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746 E Washington Blvd - DTLA Affordable Housing Development Site
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