Unlock the potential of this exceptional mixed-use property located in the vibrant Boyle Heights neighborhood of Los Angeles, now available for $4,095,000! With 106 feet of prime retail frontage on bustling 1st Street, this site offers an incredible opportunity for developers and investors looking to make a meaningful impact in this culturally rich community. Property Highlights: Versatile Zoning: Zoned for both commercial and residential use, allowing a variety of retail options alongside high-density multi-family housing. Ideal Location: Nestled in a Tier 4 Transit Oriented Community, benefiting from high foot traffic and excellent public transportation access. Existing Income Stream: With 6 month-to-month tenants, the property generates a stable yearly gross rental income of $151,079.76, providing immediate cash flow. Affordable Housing Incentives: Designated for extremely low, very low, and low-income housing, this property allows you to address LA's housing crisis while benefiting from city incentives. Development Potential: Residential Units: The site can accommodate approximately 90 residential units, prioritizing affordable housing. Commercial Expansion: Retain and enhance existing retail spaces or introduce new businesses, creating a lively community hub. Investment Opportunity: At $4,095,000, this property represents a rare investment opportunity in a prime location, offering flexible zoning, solid income, and the potential to shape the future of Boyle Heights. Contact us today to explore the possibilities and invest in this transformative project! Location Summary: Prime Mixed-Use Development Opportunity in Boyle Heights, CA This property at First and Breed is strategically positioned as the epicenter of local transit stations, shopping centers, educational institutions, public facilities, and popular leisure destinations, resulting in high foot traffic throughout the area. Just minutes from prominent city stops, this site enjoys significant exposure to students, businesses, families, and tourists alike. Transit Access: Metro Stations: 0.1 miles from the Soto Transit Stop (Gold Line) 0.5 miles from Mariachi Plaza Transit Stop 0.9 miles from Pico-Aliso Transit Stop Commuter Rail: 2.0 miles from Union Station, providing connections to Ventura County, San Bernardino, Riverside, and Orange County. 6.1 miles from CalState LA Commuter Rail (San Bernardino Line). Airport Proximity: 17.3 miles from Bob Hope Airport 18.2 miles from Los Angeles International Airport 20.3 miles from Long Beach-Daugherty Field Airport Freight Ports: 23.2 miles from the Port of Long Beach Summary This prime location in Boyle Heights offers unparalleled access to transit and a vibrant community atmosphere, making it an ideal opportunity for mixed-use development. With its proximity to essential services and attractions, this property is perfectly positioned to serve a diverse population and attract both residents and businesses. Don't miss the chance to invest in a transformative project that can shape the future of this dynamic neighborhood!