746 E Washington Blvd
Los Angeles, CA 90021 Southeast Los Angeles

Price reduced! Seller motivated! Warehouse or development site for sale in DTLA. Ideal for affordable housing. For a 100% affordable, Tier 3 TOC project, up to 40 one-bedroom units may be built (or 43 units using all bonus provisions). Washington Boulevard location across from Metro A Line light rail station. Just minutes east of South Park District, Los Angeles Convention Center, Crypto.com Area, Peacock Theater, and LA LIVE. East access to all DTLA freeways and public transit.

• Existing Building Area: 6,400± SF
• Land Area: 7,362± SF
• Construction Masonry
• Year Built: 1928
• Zone: LA C2-2D-O-CPIO
• APN: 5131-006-010
• TOC: Tier 3
• Opportunity Zone: Yes

Lot Size & Zoning: 7,362 SF lot zoned C2-2D-O-CPIO in the Southeast LA CPIO (Parkway Corridor Subarea). Base Density (CPIO-adjusted): 100% affordable projects are allowed 1 unit per 300 sq.ft., yielding a base density of ˜24–25 units. TOC Tier 3 Bonus: Applying the 70% TOC density bonus raises the unit yield to ˜40–43 units total. No Parking Required: Site is within ½ mile of transit and 100% affordable—no parking required under AB 2097 and TOC incentives. FAR Capacity: Up to 4.5:1 FAR (˜33,124 sq.ft. max buildable floor area); sufficient to accommodate all units. Height Limits with Bonus: Base zoning + TOC incentives allow up to ~7 stories (~77 ft) for residential use. No Site Plan Review: Unit count below 50 units avoids triggering Site Plan Review requirements. One-Bedroom Units: All units planned as 1-bedrooms, maximizing efficiency under high-density allowance. No Commercial Use Required: Residential-only development is permitted under C2 zone using TOC incentives.