Joint Partnership/Sale Prime Residential & Commercial Development This prime development site is located on 3406-3420 W Jefferson Blvd and 3417 South Norton Ave, LA, CA. This property spans approximately 43,000 square feet across 6 parcels including about 3,000 square feet alley. The existing buildings on the property total 34,000 square feet in size. The structure consists of two buildings 3406 W Jefferson Blvd has 16,400 square feet each floor has 8,200 square feet and the adjacent building on 3420 W Jefferson Blvd consists of 17,600 square feet. Zoning: Designated as C2 zoning, this property offers versatility for a wide range of developments, including apartment buildings, condos, commercial retail, offices, schools, churches, hotels, and community centers, among others. Investment Opportunity Zone: This property falls within the Tax Opportunity Zone, offering potential tax benefits for investors. Strategic Location: Conveniently located just minutes away from major developments, including USC, Cumulus development, Korea town, Baldwin Hills, Crenshaw Mall, and more. Transit Access: Positioned just one block from rapid transit and the Exposition Metro Line and the airport metro station, with easy access to the Santa Monica 10 Freeway and metro parking structure. View: Spectacular unhindered panoramic 360-degree view of the city and the surrounding region. Incentives: Located a mere 240 feet from the metro parking structure and job opportunity center, our site qualifies for the state of California and the city of Los Angeles density incentives. Despite our Tier 3 certification, we qualify for Tier 4 status, enabling us to leverage additional incentives. The landlord has owned this property since October 1979, thus, qualifying the property for the Grandfathered property rights in California. The law states that if you own a home before certain laws were put in place then you might have certain privileges or exceptions to certain regulations in terms of usage, building, modifying etc. The location has not been utilized for manufacturing, chemical storage, or car repair since its inception. A successful first-phase environmental study was conducted in August 2019. The site is free from earthquake faults, and clear of fire and flood zones. Affordable Housing Incentives: Falls under the Affordable Housing on Faith Lands Act (SB 4) and the Housing Emergency declaration incentive by the State and City of Los Angeles, facilitating the development of affordable housing units. Development Potential: This location holds immense potential for maximizing density incentives, particularly regarding the number of apartments that could be constructed. The rapid changes in policy and zoning regulations are favorably shifting towards allowing higher floor levels and increased apartment numbers, further enhancing the development opportunities at this site. Mixed-Use Zoning: Allows for both housing and commercial development, offering flexibility and financially profitable. Owner-Occupied & Open to Joint Venture: The property is owner-occupied, which presents a unique opportunity for rapid development. The owner is also open to joint ventures, further expediting the development process. We extend an invitation to philanthropic organizations and ventures interested in constructing housing for educators and professionals and educational facilities within the community. For further information please contact us at (323)731-2581 jefferson.development1975@gmail.com Mustafa Alazzawi