8
See all 8 photos
$1,500,000
Est. payment /mo
3 Beds
1 Bath
3,295 SqFt
Active
3416 E 1st St Los Angeles, CA 90063
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,295 sqft
Price per Sqft $455
MLS Listing ID 25528597
Bedrooms 3
Year Built 1907
Lot Size 10,140 Sqft
Acres 0.2328
Property Sub-Type Multi-Family
Property Description
Elijah Suval, Daniel Hirth, and Alex Reyhan of The Hirth Group have been exclusively selected to market for sale 3416 E 1st St, Los Angeles, CA 90063.Thesubject property consists of 3,295 SF of building on 10,137 SF of C2 zoned land. This is a rare opportunity to acquire a nearly entitled 100% affordable housing development in the heart of Boyle Heights, one of L.A.'s most culturally rich and transit-accessible neighborhoods. The project is approved for a 50-unit, five-story apartment building utilizing the State Density Bonus program with zero parking required, taking full advantage of its proximity to the Metro E-Line. Designed with a unit mix of studios, one-bedrooms, and two-bedrooms along with significant open space incentives and an FAR of 2.96:1 the future development offers investors a plug-and-play opportunity to deliver deeply needed affordable housing supported by federal and state funding tools. In addition to the fully entitled 100% affordable project, the site also offers potential for a market-rate or mixed-income development. Based on the current zoning and development standards, a 45-unit project totaling approximately32,945 buildable square feet could be achievable, with a mix of5 extremely low-income unitsand40 market-rate units. This alternative path provides flexibility fora developer seeking to explore a higher-return strategy, subject to entitlement and city approval. 3416 E 1st St, Los Angeles, CA 90063 is strategically located in the vibrant and historically significant neighborhood of Boyle Heights, just east of Downtown Los Angeles. This culturally rich area is known for its strong sense of community, thriving local businesses, and growing appeal among both residents and investors. The property benefits from exceptional transit access, sitting less than half a mile from the Metro E-Line (formerly Gold Line), which connects directly to Union Station, DTLA, Pasadena, and beyond. Surrounded by schools, parks, medical centers, and local retail corridors, the site offers a highly walkable and amenity-rich environment. Boyle Heights has seen a wave of public and private investment in recent years, including infrastructure improvements and new affordable housing initiatives. With its central location, strong transit connectivity, and community-driven fabric, this site is ideally positioned for long-term stability and impact-driven development.
Location
State CA
County Los Angeles
Area Boyle Heights
Zoning LAC2-1CUGU
Exterior
Garage Spaces 5.0
Others
Special Listing Condition Standard
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Listed by Keller Williams Beverly Hills