South Central Multifamily Development

Investment Overview

An exceptional opportunity to acquire a proposed 15-unit multifamily development site located at 612 E. 43rd Street in Los Angeles. Building permits are ready to issue (RTI) for this four-story apartment building + roof-top deck project. Totaling 11,808 square feet of gross building area on a 5,760-square-foot lot, the proposed unit mix consists of five studios, four one-bedroom units, three two-bedroom units, and three three-bedroom units, accommodating a range of tenants. The architectural plans feature modern exterior finishes, elevator access, balconies, rooftop outdoor space, landscaped areas, and dedicated bicycle parking. The project also incorporates two units identified as Extremely Low Income in the plans. The plan set includes accessibility and green building approvals, along with approved stormwater plans subject to conditions. Buyers should independently verify the current permit status, entitlement requirements, development standards, and all project costs with the appropriate agencies. Being situated within a C2-1-CPIO/R4-residential zone, the property is versatile for both commercial or residential development.

Investment Highlights

• Fully Approved For 15 Unit Apartments - Permits RTI
• 11,808 SF Gross Floor Area W/ Rooftop Decks, Balconies, & Elevator
• Stormwater/LID Plans Approved with Conditions
• Rectangular Parcel - All Major Utilities Already Connected
• Located within a High-Demand Urban Infill Growth Corridor
• Near the 110, 10, 5, 101, and 710 Freeways
• Near Several Community Parks and Recreation Centers
• Less than 1 mile from the Vernon A Line Going to Downtown LA & Long Beach
• Less than 2 miles from USC, LA Coliseum, BMO Stadium
• Less than 4 miles from Downtown, Crypto Arena, Convention Center
• C2-1-CPIO & R4 Zoning