452 W 40th Pl
Los Angeles, CA 90037 Vermont Harbor

Prime residential development opportunity ideally located just south of BMO Stadium, the Los Angeles Memorial Coliseum, Exposition Park, the Lucas Museum of Narrative Art, and the USC campus. Situated at the southwest corner of 40th Place and Flower Street, the flat and level ±10,590-square-foot site offers approximately 127 feet of frontage on Flower Street and 80 feet on 40th Place and is adjacent to The RISE, a five-story, 57-unit supportive housing development completed in 2021. Zoned C2-2D-CPIO, the property may qualify for Tier 3 TOC incentives, with potential development of up to approximately 48 residential units and a height of six stories/82 feet, subject to City review and approval. Based on the ±10,590-square-foot lot plus approximately 480 square feet of allowable half-alley area, the estimated density lot area is ±11,070 square feet, yielding approximately 28 base units at 400 square feet per unit and potentially up to 48 units with the Tier 3 density increase. APNs 5019-026-013 and 5019-026-022.