Daughrity Real Estate is pleased to present a rare and flexible development opportunity in the heart of South Los Angeles. This prime assemblage includes two contiguous parcels—offered together or separately—providing a total of 24,028 SF of land, excellent frontage, and strategic positioning near the 110 freeway and major transit routes. **Purchase Options:** - Acquire both parcels for maximum scale and yield. - Purchase 8928 S Figueroa St (APN: 6038004007, 17,993 SF, with existing 6,411 SF structure) - Purchase 451 W 90th St (APN: 6038004006, 6,035 SF, currently vacant) **Development & Incentive Potential:** - **Zoning:** RD2-1, Height District T-1, Opportunity Zone - **Unit Yield:** Up to 26 dwelling units by-right across both parcels - **Affordable Housing Programs:** Unlock up to 174 units with MIIP (Mixed Income Incentive Program) or AHIP (Affordable Housing Incentive Program) - **FAR:** Up to 4.5:1 with incentives - **Maximum Building Height:** Up to 78 feet - **No Parking Required:** AB 2097 exemption for transit-rich location - **Open Space Strategy:** Satisfy requirements with 15% of lot area or 10% of total residential floor area; 50% of open space as outdoor common area - **Incentive Menu:** Bonus FAR, extra stories, relief from select standards for eligible projects (including childcare facility or multi-bedroom units) - **Affordable Mix:** Flexible set-asides for extremely low, very low, and low-income units; additional benefits for mixed-income inclusion - **Parcel Dimensions:** About 136’ x 160’ x 145’ x 151’ (combined) - **Council District 8 | Empowerment Congress Southeast | South LA APC** **Property Highlights:** - Commanding street presence and corner visibility - No parking minimums, significant cost and design flexibility - Astounding upzoning and density potential for multifamily, affordable, or mixed-use developers - Immediate proximity to public transit, schools, new infrastructure, and the 110 freeway - Excellent opportunity for mission-driven or opportunistic investors seeking scale, value, and location