REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 975,000
Est. payment | /mo
6,412 Sqft Lot
$ 975,000
Est. payment | /mo
6,412 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26674001
HOA Y/N No
Year Built 1921
Lot Size 6,412 Sqft
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 C37 - Metropolitan South
Zoning LCC3*
Interior
Fireplace No
Others
Tax ID 6044006006
Special Listing Condition Standard
Listed by Simon Shamoulia Beverly & Company Luxury Properties #02188670
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION
We respect your privacy! Your information WiLL NOT BESHARED,SOLD, or REMTED to anyone, for any reasonoutside the course of normalreal ostate exchange,Bysubmitting, you agree to our Terms of Use and PrlvacyPolicy.