Opportunity Zone Blog

10x -- 1000 Single Family Dwellings with Multifamily Zoning

Written by Benjamin Pezzillo | Oct 5, 2024 5:57:45 PM

When I started Pactriglo in 2016, my goal was to help speed the development of more dwelling units in Los Angeles to address the city’s housing crisis.

What I knew from my experience in City Hall was that properties with existing, underutilized zoning represented a slipstream to groundbreaking that bypassed the process and politics involved in any zoning change. Additionally, I understood that investment capital is attracted to efficiency as much as it is repelled by the risk of uncertainty.

Unfortunately, over the last several years Los Angeles’ housing crisis has been punctuated with obstacles atop uncertainty -- inclusionary zoning, linkage fees, and special taxes to name a few.

All of which were championed under the banner of producing more “Affordable Housing” with very little understanding by the public that “Affordable Housing” is not the same as housing affordability.

Meanwhile, these initiatives have impeded the only proven path to improving housing affordability for all and that is the production of more dwelling units of every type.

Something has to give.

And, in the same spirit of leadership that sparked me to start my company, that something is someone. And that someone is me.

So, I am giving something to the community. Something that I hope stimulates more building of more housing of all types as quickly as possible – a map of 1000 properties across each Council District in the City of Los Angeles with underutilized by-right multifamily zoning.

This list represents a 10x capacity with the potential for 10,585 dwelling units by-right.

These 1000 properties consist of:

  • R3 or R4 zoning without any Qs, Ts, D, or other overlays
  • General Plan Land Use that supports Multiple Family; Medium Residential or higher
  • Minimum 5000 sqft parcel size
  • Minimum 50 feet wide
  • No coastal zone status
  • No historic designations or status
  • Only one unit per Assessor records (and zero Landlord Units)

Additionally:

  • 79 have alleys
  • 115 have one or more adjacent properties that are already under the same ownership
  • 791 have TOC status (185 @ Tier 1, 181 @ Tier 2, 415 @ Tier 3, and 1- @ Tier 4)

Note:

No warranties or guarantees are being made. It’s certainly possible that some of these properties have been acquired for use as development sites since the analysis that first identified them was completed.

Download the spreadsheet here!

Note: November 19, 2024

Now there's a map.