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$1,175,000
Est. payment /mo
3,178 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 3,178 sqft
Price per Sqft $369
MLS Listing ID 26674001
Year Built 1921
Lot Size 6,414 Sqft
Acres 0.1472
Property Sub-Type Land
Property Description
Great development opportunity in a high-demand South Los Angeles corridor. 6,414 SF lot zoned Commercial/Mixed-Use per Specific Plan, offering strong multifamily redevelopment potential. The site is currently improved with a 3,178 SF structure; however, the primary value is in the land. Preliminary concept plans propose a 5-story, 100% affordable multifamily project with up to 39 units, including a mix of one-bedroom, two-bedroom, and studio units, leveraging AB 2345 and transit-oriented incentives. No on-site parking required per AB 2097. Plans have been prepared by a licensed architect and submitted for preliminary planning review; buyer to continue entitlement process. Strategically located near the Firestone, Florence, and Slauson Metro Rail Stations, supporting higher-density infill development. Buyer to independently verify zoning, density, incentives, and all development assumptions. Property sold AS-IS for land value.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LCC3*
Others
Special Listing Condition Standard
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Listed by Beverly & Company Luxury Properties
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