$1,295,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
0.2389
Open Houses
-
year built
-
Full Baths
0
Half Baths
0
We are pleased to present this exceptional 10,402-square-foot vacant lot in the heart of South Los Angeles. This property offers a unique opportunity for developers to meet the growing demand for residential, commercial, and mixed-use projects. The property was previously RTI-approved for development, though the approvals have since expired. However, they can be renewed through an expedited process, providing a streamlined path to construction. The approved project features a 20-unit, 4-story mixed-use building with 18 market-rate units and 2 extremely low-income units, consisting of 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. The development includes 710 square feet of commercial space, 19 automobile parking spaces, and 30 bicycle parking spaces, with a total gross area of approximately 14,828 square feet. With C2-1VL-CPIO zoning and a Tier 1 Transit-Oriented Communities (TOC) designation, developers can take advantage of State Density Bonus Laws (AB2334, AB2345, and AB1763) to build 50+ units of affordable housing. Additionally, a preliminary design for a 54-unit, 100% affordable housing development has been completed, showcasing the site's potential for higher-density residential use. This parcel will be delivered vacant at closing and is ready for immediate development. Whether pursuing the approved 20-unit project or maximizing the site's full potential, this lot provides an excellent foundation for a transformative project.
Location | |
Subdivision | - |
County | Los Angeles |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 25516917
Listing agent:
Jordan Petito
Listing broker:
Keller Williams Beverly Hills Realty
(310) 432-6400
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, March 27 2025 at 12:03 a.m. EDT
Kotohomes National
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