2615 W. 8th Street, Land Acquisition, Permanent Affordable Housing; Land Bank Pilot Program Site #4
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AI Contract Overview
On November 12, 2025, the Los Angeles County Board of Supervisors authorized the Chief Executive Officer to execute a Purchase Sale Agreement for a 27,641-square-foot property located at 2615 W. 8th Street in the MacArthur Park neighborhood of Los Angeles. This acquisition is part of the CEO-Homeless Initiative Land Bank Pilot Program, which aims to create affordable housing in areas facing rapid gentrification and displacement. The project is designated as a by-right development under the City of Los Angeles Housing Element and will be a 100 percent affordable housing development consistent with Government Code Section 65589.5, requiring a recorded deed restriction for affordable rent for 55 years or affordable cost for 45 years. The proposed development will feature a seven-story building standing 78 feet tall with up to 160 units and a 4.5:1 floor area ratio. In addition to residential units, the project will include 1,400 square feet of community-serving commercial space and a 2,700-square-foot community or amenity room. Construction is expected to take approximately 24 months and will include code-compliant parking, minor landscaping, and low-level security lighting. The project has been granted various exemptions under the California Environmental Quality Act. Labor for the project will either be classified as public work or comply with prevailing wage requirements under CEQA Section 21080.27(e).
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Place of Performance
W 8th St / S Coronado St, Los Angeles, CA, 90057-3809Set-Aside
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