MDGLA | McDermott Group Land Advisors, along with Raymundo Multifamily Group, is pleased to list 3416 E 1st Street, a fully entitled 10,137 square foot (0.23 acre) parcel in the Boyle Heights neighborhood of Los Angeles, CA. The property is located on 1st St, in between Lorena and Velasco Streets. Built in 1907, there are currently 2 buildings on the property totaling 3,295 SF, which can be delivered vacant at close of escrow. The property enjoys 70.82 feet of frontage on E 1st St. 

The property is zoned C2-1CUGU and is in a TOC Tier 3 area. By right the property is allowed 26 units, and 45 units with the TOC 3 density bonus. The property is fully entitled for a 6-story, 38 unit multifamily development.    Architectural plans show the development would be Type IIIA - one hour fully supervised, NFPA 13 sprinklered apartment building over 1 level basement garage. The garage will be separated from residential by a three hour fire rated concrete slab. The property also falls under the Adelante Eastside Redevelopment Plan. READ MORE ABOUT THE PLAN HERE. The site is located within the City of Los Angeles Transit Priority Area, Clean Up Green Up (CUGU), State Enterprise Zone, Redevelopment Project Area: Adelante Eastside, and MTA Right-of-Way (ROW) Project Area.

Architectural plans show a summary unit mix of:

1 - Studio

20 - 1 Bedroom

4 - 1 Bedroom + loft

12 - 2 Bedroom

1 - 2 Bedroom + loft

The property is located in the Boyle Heights neighborhood of Los Angeles, around 10 minutes from Downtown. The property is close to schools, retail, and restaurants, and boasts a Walk Score of 87/100. The property is less than 5 minutes away from the 60, 5, 101, 710 and 10 freeways. The property is also walking distance from the Metro Gold Line Indiana Station.

Buyer to verify with the City of Boyle Heights.