Affordable Housing Between USC & Sofi Stadium

Unlock a rare multifamily development opportunity at 1021–1025 W Florence Avenue in Los Angeles, California. This attractive offering features a 9,000-square-foot two-parcel site with a ready-to-issue (RTI) permit for a fully entitled 55-unit affordable housing project. Zoned C2-2D-CPIO, the site is well-positioned for residential and multifamily use. The approved plans call for a five-story, 30,341-square-foot apartment building with 54 one-bedroom units and one studio unit, enhanced with NFPA 13-compliant sprinkler systems throughout. Situated within a Tier 3 Transit-Oriented Community (TOC), the project benefits from a no-parking requirement and includes 34 long-term bicycle parking spaces, thereby maximizing development efficiency and unit yield. Importantly, this development is privately funded, requires no public housing subsidies, and has not received tax credits, offering investors a unique, streamlined path forward. Located in the heart of historic South-Central Los Angeles, 1021–1025 W Florence Avenue is situated within one of the city's most dynamic and evolving neighborhoods. The area is home to a strong residential base, a rich cultural heritage, and major institutions, including the University of Southern California (USC), one of the nation's leading universities. Residents enjoy excellent connectivity to nearby dining and shopping in Downtown Los Angeles, USC, entertainment at SoFi Stadium, employment centers, and regional transportation networks like the Amtrak and Metro. Once recognized as a cornerstone of the West Coast jazz movement, historic South Los Angeles today offers a vibrant mix of historic character, community amenities, and convenient access to major freeways, making it an attractive location for future housing development. Property tours are available by appointment only. Please contact the listing broker to schedule.