836 W 42nd Pl, Los Angeles, CA 90037

836 West 42nd Place, Los Angeles is a high profile 31-unit plus one ADU TOC development opportunity located in prime South Figueroa Corridor, Los Angeles, CA. The project presents the opportunity to build up to 31 units plus one ADU utilizing LA City's new Transit Oriented Communities Affordable Housing Incentive Program. The Program offers several development incentives, including a 70% Density Bonus, and an increase in FAR and height. The property is excellently located near a myriad of educational institutions, retail, transit, and job opportunities due to its location just south of USC & Downtown LA with easy access to the 10, 110 & 105 Freeways. 42nd Pl is surrounded by amenity rich locations including Downtown Los Angeles, the USC Campus, the LA Memorial Coliseum and South LA all within 4 miles. Hundreds of units and hundreds of thousands of square feet of commercial space are in construction or proposed within the immediate 5 miles of the subject property including the The Fig, which once completed will bring 330 apartments and more than 60,000 SF of retail to the area surrounding the Banc of America Stadium. The George Lucas Museum project, located 1 mile north, will bring more than 300,000 square feet of state-of-the-art museum space as well as more than 11 acres of green open space. Many large employers reside in the immediate area including University Park, Kaiser Permanente of Southern California, and UPS to name a few. In 2019, USC completed its expansion of the University Village consisting of 115,000 SF of commercial floor area consisting of a Target and a Trader Joes.