1021-1025 W Florence Ave Lot • Terrain commercial • 0,22 Acres • 3 428 469 $ CAD • Los Angeles, CA 90044

This offering presents a redevelopment opportunity in South Los Angeles, located at 1021-1025 W. Florence Avenue. The project is approved for a five-story, 55-unit apartment building under AB2345 guidelines, delivering 100% affordable housing. The unit mix includes 54 one-bedroom units and one studio, with long-term bicycle parking for 34 spaces. The property spans two parcels totaling approximately 9,700 square feet and will be delivered Ready-To-Issue (RTI), minimizing development timelines.
Situated within a Tier 3 Transit Oriented Community (TOC), the site benefits from proximity to major transportation corridors, including State Route 110 and Interstate 10, as well as Florence Station and Los Angeles Union Station. The zoning designation of C2-2D-CPIO supports multifamily development, and no automobile parking is required under TOC guidelines. This privately funded project is not subject to prevailing wage requirements, offering cost efficiency for developers.