Boyle Heights Mixed-Use | TOD | SB 79 | Metro E Line
Metro-Adjacent TOD Assembly | 14,844 SF | SB 79 Tier 2 | CEQA-Exempt | 48–65 Units
Marketing description
Rare off-market transit-oriented development opportunity in the heart of Boyle Heights. This two-parcel assembly at 3508 E 1st Street and 122 S Indiana Street totals 14,844 SF of LCC3*-zoned land sitting immediately adjacent to the Indiana Metro Station on the LA Metro E Line. The site qualifies for SB 79 Tier 2 designation plus the Adjacency Intensifier bonus, unlocking 85-foot height limits, 4.0 FAR, and a base entitlement of approximately 48 units — scalable to 58–65 units through State Density Bonus Law stacking. Approval is ministerial and CEQA-exempt, with a projected entitlement timeline of 90–180 days. Developers have multiple exit paths: entitle and flip, build market-rate multifamily, pursue a mixed-income SDBL structure, or land bank for future Metro Joint Development adjacency upside. The neighboring Indiana Station Park & Ride lot represents a potential future Metro JD target, adding long-term strategic value to this already well-positioned site. Priced at $3,000,000. Contact listing agent for full offering materials.
Investment highlights
- Two-parcel assembly totaling 14,844 SF zoned LCC3* in Boyle Heights, Los Angeles
- Immediately adjacent to Indiana Metro Station (E Line) — qualifies for SB 79 Tier 2 + Adjacency Intensifier bonus
- Entitlement path: 85 ft height, 4.0 FAR, ~48 base units scalable to 58–65 with State Density Bonus Law stacking
- Ministerial (by-right) approval in 90–180 days with full CEQA exemption
- Four viable exit strategies: entitle & flip, build market-rate, mixed-income + SDBL, or land bank
- Projected stabilized value: $29.5M–$34.8M at 5.0% cap rate - Off-market opportunity
— priced at $3,000,000
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