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$ 2,200,000
Est. payment | /mo
0.39 Acres Lot
$ 2,200,000
Est. payment | /mo
0.39 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26077322
HOA Y/N No
Lot Size 0.387 Acres
Property Description
Rare development opportunity offering approximately 16,800 sqft of land on a flat corner lot (240 feet X 70 feet) across three legally merged lots. The property includes Ready-to-Issue (RTI) plans for a 21-unit apartment project, meaning a buyer can step into a project that has taken over 5 years instead of starting from raw land. Previous structures have been legally vacated and demolished, and graded flat. NO AFFORDABLE HOUSING IS REQUIRED. A buyer may choose to proceed with the existing multifamily plans or investigate other fee simple lots under SB 684
(https://planning.lacity.gov/project-review/shra-senate-bill-684-1123)
With the opportunity to build 10 separate fee simple homes at their convenience and schedule as this location is in close proximity to transit and allows for reduced rear setbacks of 4 feet and NO interior lot side setbacks subject to independent verification and city approval. Well located within 1 block of Western Avenue, 2 blocks south of Carson Street, close to public transportation, Harbor UCLA Medical Center, shopping restaurants, schools and 5.5 miles to Redondo Beaches and Pier.
(https://planning.lacity.gov/project-review/shra-senate-bill-684-1123)
With the opportunity to build 10 separate fee simple homes at their convenience and schedule as this location is in close proximity to transit and allows for reduced rear setbacks of 4 feet and NO interior lot side setbacks subject to independent verification and city approval. Well located within 1 block of Western Avenue, 2 blocks south of Carson Street, close to public transportation, Harbor UCLA Medical Center, shopping restaurants, schools and 5.5 miles to Redondo Beaches and Pier.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LAR3
Interior
Fireplace No
Exterior
Community Features Suburban
View Y/N No
View None
Building
Lot Description Corner Lot, Street Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 7346004024
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Special Listing Condition Trust
Listed by Steve Schloeder Bonanza Realty 310-308-3248, DRE #00612682
Nearby Locations
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John Fields
Broker-Associate | Lic# 00993786