$850,000

3416 E 1st St, Los Angeles, CA 90063 is a nearly entitled affordable housing development site located in the vibrant and transit-rich Boyle Heights neighborhood. Spanning 10,137 SF of C2-1CUGU-zoned land, the property is approved for a 50-unit multifamily project under the State Density Bonus Program, with a 2.96:1 FAR and no height limitation. Its favorable zoning allows for both residential and commercial uses, offering flexibility for developers exploring multifamily, mixed-income, or medical/retail components. The site sits just 0.4 miles from the Metro E Line (Soto Station), providing direct access to Downtown Los Angeles and Union Station, and benefits from SB 79 designation, enhancing density and feasibility for transit-oriented development. Surrounded by strong community amenities, schools, and local retail, 3416 E 1st St presents an exceptional opportunity for developers seeking an infill site in one of LA's most dynamic, high-demand submarkets.