4921 S Figueroa St Los Angeles, CA 90037

Attention all affordable housing developers. We are pleased to offer this 12,128 lot size cornet lot. This vacant land is located south of the Los Angeles Memorial Coliseum and LAFC soccer stadium and is not far from USC (University of Southern California). This property is in the redevelopment project area District Council 9 for the Land Use Affordability Covenant and ED1 Executive Directive for Housing with a zoning C2-1VL-CPIO with Ed 1 Eligibility and Tier 2 TOC Affordable housing incentive program. All new developments can exercise the density bonus for the Los Angeles Affordable Housing developments. This property is in the redevelopment project area District Council 9 for the Land Use Affordability Covenant and ED1 Executive Directive for Housing. In 2018, a 4800 sq ft church was demolished to make way for any new development. Contact the listing broker for additional information. * Developmental opportunity under an executive order from the Los Angeles Mayor aims to speed the approval of affordable housing.