3416 E 1st St, Los Angeles, CA 90063

Property Overview

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3416 E 1st St presents a nearly entitled 50-unit affordable housing development opportunity in the heart of Boyle Heights, one of Los Angeles’ most transit-connected and rapidly evolving neighborhoods. Spanning 10,137 SF, the site is zoned C2-1CUGU with an approved 2.96:1 FAR and no height limitation, enabling flexible design potential for affordable or mixed-income housing. This rare infill lot benefits from SB 79 (Abundant & Affordable Homes Near Transit Act) designation, further enhancing density and project feasibility near key employment and lifestyle centers.

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Key Property Details

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• Address: 3416 E 1st St, Los Angeles, CA 90063
• APN: 5179-017-009
• Lot Size: 10,137 SF
• Zoning: C2-1CUGU
• Approved FAR: 2.96:1
• Height Limit: None
• Proposed Use: Multifamily (Affordable or Mixed-Income Housing)
• Project Status: Nearly Entitled – 50-Unit Affordable Housing Development
• Offering Price: $1,100,000
• Price per SF (Land): $108.52

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Investment Highlights

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Neighborhood and Accessibility

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Situated just 1.6 miles east of Downtown Los Angeles, Boyle Heights offers a vibrant mix of residential, commercial, and cultural amenities. The area features strong community infrastructure — including schools, parks, medical facilities, and retail corridors along 1st Street and Cesar Chavez Avenue. With a Walk Score of 92 (“Walker’s Paradise”) and Bike Score of 84, residents enjoy exceptional connectivity to major transit lines, job centers, and neighborhood conveniences. The site’s proximity to the Metro E Line and key arterial roads ensures seamless access across the Los Angeles Basin.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl