CA > Los Angeles
Los Angeles, CA 90015,1411 W 11th St
Los Angeles, CA 90015,1411 W 11th St
Los Angeles, CA 90015,1411 W 11th St
Los Angeles, CA 90015,1411 W 11th St
Los Angeles, CA 90015,1411 W 11th St
Los Angeles, CA 90015,1411 W 11th St
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Shannon Guiragossian

Shannon Guiragossian

+1(760) 537-9002
$ 1,950,000
Est. payment | /mo

0.29 Acres Lot

Save
$ 1,950,000
Est. payment | /mo
Save

0.29 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25562331

Lot Size 0.291 Acres

Acres 0.29

Property Description

PRICE REDUCED! We are pleased to present a multifamily or mixed-use development opportunity at 1411 & 1415 W 11th Street in the dynamic Pico Union neighborhood of Los Angeles. These two contiguous parcels total approximately 12,678 square feet of flat land, with combined dimensions of 100 by 126 feet on street-to-street lots. Both parcels are improved with income-producing apartment buildings and offer significant redevelopment and value-add potential.The site qualifies for Transit Oriented Communities Tier 2, the Mixed Income Incentive Program (MIIP) Opportunity Corridor, and the Citywide Housing Incentive Program (CHIP). These programs allow for more units, higher floor area ratio, greater height, and significant reductions or elimination of parking requirements for projects that include affordable housing. Under the State Density Bonus Law (AB 2345 and AB 1287), developers who set aside at least 10% of units for very low-income tenants or 20% for low-income tenants can combine state and city bonuses to achieve more density and additional incentives. Projects that are 100% affordable may be eligible for unlimited density and no parking requirements. Executive Directive 1 (ED1) also allows 100% affordable housing projects to qualify for expedited, fast-track city approvals.Strategically located near major transportation routes and key city amenities, the site is well positioned for efficient development and construction. Its central location supports strong demand for new housing and offers the potential for long-term investment returns. Listing includes two APNs: 5137-012-008 and 5137-012-009.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning C1-1

Exterior

View Y/N Yes

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Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills
Shannon Guiragossian

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 537-9002

shannongrealestate@gmail.com

36923 Cook St Suite B101, Palm Desert, CA, 92211, USA

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1411 W 11th St