2924 S Orange Dr
Multifamily
Marketing description
Premium ED 1 Development Opportunity – Dual Parcel Offering
We're excited to present a rare and strategic opportunity to acquire two adjacent properties—2929 S. Mansfield Ave (ED 1 “Eligible Site”) and 2924 S. Orange Dr. (“Review Eligibility”)—positioned for fast-track, ministerial development approval under Los Angeles’ Executive Directive 1 (ED 1). With a combined 14,417 SF of LAR3-zoned land in a Tier 3 TOC area, this portfolio offers investors exceptional potential to develop a 100% affordable housing project with significant density, height, and parking bonuses.
Investment highlights
ED 1 Eligible Site: 2929 S. Mansfield qualifies for expedited 60-day review—no hearings, fast-track approvals.
Strong Price Point: $228/SF—excellent value in today’s market.
Affordable Incentives: Eligible for height/density bonuses with 100% affordable housing.
Fast-Track Processing: Reduced fees + priority service via LADBS Affordable Housing Section.
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