2709-2713 W Florence Ave, Los Angeles, CA 90043 For Sale

2709-2713 W. Florence Avenue at 2709-2713 W. Florence Avenue, Los Angeles, CA 90043 presents a rare opportunity to acquire a fully entitled multifamily development site in the heart of South Los Angeles. This RTI, privately funded TOC Tier 2 project is planned for 54 affordable apartment units across two 3-story buildings on one parcel, offering an efficient, high-density design with no parking required. The approved plans call for approximately 30, 210 square feet of building area on a ±17,357 square foot lot, with a unit mix of 50 one-bedroom units and 4 studios, plus 54 bicycle parking spaces. Designed as a 100% affordable housing project, the development is not subject to prevailing wage requirements and has not received tax credits, creating added flexibility for investors and developers. Positioned along Florence Avenue with convenient access to the 110 and 405 Freeways, Fairview Heights Station, USC, Downtown Los Angeles, LAX, and SoFi Stadium, the property benefits from strong regional connectivity and a predominantly renter-occupied market!

2709-2713 W Florence Ave, Los Angeles, CA 90043