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$ 795,000
Est. payment | /mo
0.28 Acres Lot
$ 795,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24408661
HOA Y/N No
Lot Size 0.276 Acres
Acres 0.28
Property Sub-Type Unimproved Land
Property Description
The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process and the ability to build 85 units at $9,352 per door. Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. Located one block from an upcoming 119 unit affordable housing project by Abode Communities. We are pleased to present this unique opportunity to purchase an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition. Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles. A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus. This is a very good value at $16,914 per buildable door, $66.17 per Sq.Ft. on land and a clean Phase II on file. The site is comprised of three APN's: 6043-004-014, 6043-004-015 and 6043-004-016. The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 47 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site. Great location just three blocks south of
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 6043004016
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Listed by Oron Maher • Maher Commercial Realty
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