PRIME TOC TIER 3 DEVELOPMENT SITE – SOUTH LOS ANGELES 911 W Manchester Ave, Los Angeles, CA Asking Price: $2,995,000 ±16,100 SF Lot | C2-2D-CPIO | TOC Tier 3 911 W Manchester Avenue represents a high-leverage Transit-Oriented Communities (TOC) development opportunity in one of Los Angeles’ most policy-supported growth corridors. Located within TOC Tier 3 and the South LA CPIO – TOD Medium designation, the site allows developers to unlock meaningful density, parking reductions, and streamlined approvals rarely available at this land basis. Offered at approximately $186 per land square foot, the property is priced below replacement land metrics for comparable TOC Tier 3 sites, creating immediate day-one equity for both market-rate and affordable housing strategies. Why This Deal Wins TOC Tier 3 Location – One of the City’s strongest incentive tiers, supporting substantial unit increases and reduced parking requirements Attractive Basis – ~$186/SF land cost provides a clear advantage versus nearby TOD and commercial corridor transactions Scalable Density – Conceptual yields often projected at ~38 units using TOC incentives, with the ability to reach ~70+ units through deeper affordability programs (buyer to verify) Flexible Zoning – C2 zoning supports multifamily or mixed-use development, allowing developers to tailor product to market demand CPIO – TOD Medium – Encourages higher-intensity residential development along transit corridors Strategic South LA Location Positioned along Manchester Avenue, the property benefits from strong transit access, proximity to major employment centers, and continued public and private reinvestment throughout South Los Angeles. The site offers convenient access to: Major bus and transit corridors Downtown Los Angeles, Inglewood, and LAX Neighborhood retail, services, and growing residential demand South LA remains a top priority growth market for the City, driven by a chronic housing shortage, TOC incentives, and long-term infrastructure investment. Investment Summary 911 W Manchester Ave offers developers a rare combination of TOC Tier 3 incentives, favorable zoning, and compelling land basis. At $2,995,000, the site presents a clear path to outsized density and value creation in a supply-constrained Los Angeles submarket. Asking Price: $2,995,000 | ±16,100 SF | ~$186/SF | TOC Tier 3 Upside