316 Douglas St
Los Angeles, CA 90026

This poised assemblage of five recorded small lots (totaling 5,718 SF of land) just outside of Downtown Los Angeles is uniquely oriented against both a 20’ side and 20’ rear alley affording it with significant access and spacing advantages unlike most interior sites of its size. The property will accommodate multiple potential development scenarios one of which being its current perfected and permitted entitlement of five (5) small lot homes. The site has been vacant land for well over 10 years. A much higher density development scenario (basic envelope depicted above) maximizing unit count under the current zoning could yield up to 29 units by taking base calc. (1:400) and applying the max TOC Tier 1 bonus of 50%. Assuming a qualification under SB 2097, the site could be developed with or without parking. Hence, a naturally occurring form of affordable housing could be conceived and delivered on the site. The seller has excavated the entire lot property line to property line to prove the non-existence of oil wells. The Department of Oil and Gas has issued an “Unfound Oil and Gas Wells” letter in 2022 which was used to garner the current RTI status for a 5 small lot project with LADBS. Additionally, this letter could likely be used to pursue permits under alternative possible development typologies for the site like the one described above. The site is being sold with current entitlements in hand including permit ready building plans for 5 SLO homes with park fees paid.