Description
BRC Advisors-BH is pleased to offer for sale a vacant and "cleared" corner lot in Boyle Heights, that is development-ready for up to 50 affordable apartment units utilizing AB1763, the State Density Bonus law. The site is 8,897 SF zoned [LA]RD1.5-1, there are no required tenant relocations, and the structures have already been demolished. Recent state and local assembly bills affecting the City of Los Angeles provide density increases, parking reductions, and other incentives favorable to land sites such as this when providing an affordable component. The lot is both easily accessible and highly visible on a corner lot along Soto Street with easy access to the 5,10, and 101 freeways. Additionally, the newly completed Metro Gold Line station at East 1st Street is only two blocks to the north.
Location
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Listing Agent: Ardy Ishal
Listing Office: BRC Advisors- BH