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 $11,165 per door. seller financing available. 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 $20,191 per buildable door, $78.99 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 firestone blvd. and central avenue. this intersection is a main retail corridor offering national brands like kfc, taco bell, family dollar, church's, and burger king, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church. seller has a clean phase 2 environmental report on file. the site is comprised of three apn numbers 8802 s. central (6043-004-014), 8806 s. central (6043-004-015) and 8810 s. central (6043-004-016).
Property Type
LandCounty
Los AngelesStyle
LandAD ID
46330024
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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: 0.2758
- Lot Size Source: Other
- Lot Size Square Feet: 12014
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Listing Information
Listing Price Information
- Original List Price: 850,000
- Listing Contract Date: 2024-06-26
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 6043004016
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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 Under Contract
- Source Neighborhood: C37 - Metropolitan South
- Directions: East on Manchester Avenue, South on S. Central Avenue
- Zoning: LAC2
- Source Property Type: Land
- Area: C37 - Metropolitan South
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 04/22/2025 @ 04:15
- MLS: 24408661
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is recently sold, it has 0 sqft, 12,014 sized lot, and 0 parking. are nearby neighborhoods.