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$ 895,000
Est. payment | /mo
5,005 Sqft Lot
$ 895,000
Est. payment | /mo
5,005 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25183363
Lot Size 5,005 Sqft
Property Sub-Type Lots/Land
Property Description
This fully entitled development project is a developer's dream. Ready to break ground with all permits paid, demo completed, and utilities in place. Situated in one of LAs most sought-after areas, this prime lot offers the rare chance to start construction immediately, saving both time and money. The project includes plans for 13 units plus 1 ADU in a 3-story building totaling 6,402 square feet of space. With a 5,005 square foot lot and R3-1 zoning, this site is perfectly positioned to capitalize on the growing demand for housing in the area. The property qualifies for TOC Tier 3 (Tier 4 eligibility 100% affordable). Located just minutes from Downtown LA, with easy access to major transit routes, this property is ideal for developers looking to build high-demand residential units in a rapidly evolving neighborhood. Skip the delays and get started right away with a project thats primed for success.
Location
State CA
County Los Angeles
Direction 110 South/San Pedro Exit Vernon Ave.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5113018013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Deborah Moussighi Keller Williams Luxury
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "