3416 E 1st St, Los Angeles, CA 90063

We are pleased to offer 3416 E 1st Street, a fully entitled 10,137 square foot (0.23-acre) parcel located in the dynamic Boyle Heights neighborhood of Los Angeles, CA. Situated between Lorena and Velasco Streets along E 1st St, this property features 70.82 feet of prime street frontage. This site comes with approved plans for a 50-unit affordable housing development, which includes a mix of 10 studios, 35 one-bedroom apartments, and 5 two-bedroom units. With its proximity to major transit options, no parking is required for the project, making it a convenient and sustainable addition to the area. Property sits in a commercial zone and will also allow for a wide variety of commercial and retail development options, including medical clinics or urgent care. The property is zoned C2-1CUGU and is located within a TOC Tier 3 zone, offering significant development potential. Additionally, the site is included in the Adelante Eastside Redevelopment Plan and is situated within the City of Los Angeles Transit Priority Area, Clean Up Green Up (CUGU), State Enterprise Zone, and MTA Right-of-Way (ROW) Project Area.Just 10 minutes from Downtown LA, this property benefits from excellent walkability, with a Walk Score of 87. It's within minutes of schools, restaurants, and shopping, and offers quick access to major freeways like the 60, 5, 101, 710, and 10. Plus, it's a short walk to the Metro Gold Line Indiana Station, offering seamless connectivity to the rest of the city.