Description
257 e vernon ave is a former church's chicken restaurant & vacant land development opportunity in a prime south central location. the 10,305 square foot corner-lot hosts an 800 square foot vacant restaurant space, formerly occupied by church's chicken, a national qsr tenant. the all-electric structure was built in 1969 and does not currently have a drive thru component. the tenant's absolute nnn lease expired on dec 27, 2024, so the lot is now completely vacant. 257 e vernon is zoned for multifamily use with an lar3 zoning and tier 3 toc designation, and as an ed1 eligible site, it provides the perfect multifamily development opportunity for both market rate, toc and affordable projects. the site also provides the opportunity to be re-tenanted at market rents with a new restaurant operator. the parcel is a quarter-acre hard signalized corner at the intersection of vernon & san pedro, located in a dense infill area with high traffic counts and strong foot traffic. the r3 - toc 3 zoning allows for +/- 12 residential units by right, up to +/- 26 units utilizing the chip (citywide housing incentive program), or 75+ units via unlimited density with an ed1 100% affordable project (buyer to verify). at $111/sf of land, no rso obligations, no relocation fees, and no ellis act requirements, this site is priced to sell. with easy access to the 110 and 10 freeways, future tenants will have an easy commute across the entire greater la area. [visit property website here: https://www.lamultifamilybroker.com/listings/257-e-vernon-ave-2].
Property Type
LandCounty
Los AngelesStyle
LandAD ID
48521273
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
- Full Baths: 0
- Half Baths: 0
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2366
- Lot Size Source: Assessor
- Lot Size Square Feet: 10305
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Listing Information
Listing Price Information
- Original List Price: 1,150,000
- Listing Contract Date: 2025-02-05
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 5113017014
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C42 - Downtown L.A.
- Postal Code Plus 4: 3437
- Directions: Northwest corner of Vernon Ave and San Pedro St in South Central.
- Zoning: LAR3
- Source Property Type: Land
- Area: C42 - Downtown L.A.
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 02/25/2025 @ 09:14
- MLS: 25494889
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 10,305 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90011, this Los Angeles County Land are nearby neighborhoods.