142 E Vernon Ave, Los Angeles, CA 90011 is a Ready-to-Issue (RTI) development opportunity featuring a fully entitled 5-story, mixed-use project in the high-demand South Park neighborhood of Los Angeles. Approved plans call for a 4-story residential component consisting of 16 spacious apartment units (12 two-bedroom and 4 three-bedroom units) built over a street-level podium. The ground floor includes convenient on-grade parking and a 250-square-foot retail space designed to enhance street activation and improve the pedestrian experience—offering both residential livability and commercial potential. Strategically designed under the Transit Oriented Communities (TOC) program, the project benefits from valuable development incentives such as density bonuses and reduced parking requirements, aligning with the city’s goals of expanding housing availability and encouraging transit-friendly communities.