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$299,999
Est. payment /mo
5,318 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26221154
HOA Y/N No
Lot Size 5,318 Sqft
Property Description
Vacant land opportunity in South Los Angeles. This 5,240 SF lot is zoned [Q]R4-1, a high-density multifamily zone, which makes it a strong site for builders and developers planning an apartment project. Under base R4 density of 1 unit per 400 SF of lot area, the site could support roughly 13 units before any [Q] condition limits. Buyers may also be able to add units through State Density Bonus or other housing incentive programs. Because the lot is vacant, there's no demolition, there are no tenants to relocate and no existing structures to work around, so a buyer can go straight to design and permitting. The property sits in an established residential neighborhood close to Broadway, public transit, schools, shopping and the 105 and 110 freeways. Buyer to independently verify zoning, [Q] conditions, buildable density, utilities and all property information with LADBS / City Planning.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR4
Interior
Fireplace No
Exterior
Community Features Valley
View Y/N No
View None
Building
Lot Description Tear Down
Water Public
New Construction No
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Danny Navarro Century 21 Allstars 949-903-6633, DRE #01938421
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