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
$ 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
Subject to Cancellation of Current Escrow.
Rare shovel-ready RTI development opportunity for a 21 unit apartment project on approximately 16,800 sq ft of land across three legally merged lots (approx. 240 ft X 70 ft) on a flat corner site.
The property includes Ready-to-issue (RTI) plans, allowing a buyer to step directly into a project that has taken over 5 years of entitlement work-significantly reducing development timeline, carrying costs, and risk.
Located within a designated Opportunity Zone, this property offers incredible tax advantages for builders/developers/investors.
The site has been fully cleared, legally vacated, and graded flat, with NO affordable housing requirement. A buyer may proceed with the existing multi-family plans or explore alternative development options, including 10 potential fee-simple lot configurations under SB 684.
Strategically located within 1 block of Western Avenue and 2 blocks south of Carson Street, close to public transportation, Harbor UVLA Medical Center. Shopping, dining, and schools, and approximately 5.5 miles from Redondo Beach and the pier.
RTI has been extended to 8/28/26 by the Los Angeles Building Department.
Rare shovel-ready RTI development opportunity for a 21 unit apartment project on approximately 16,800 sq ft of land across three legally merged lots (approx. 240 ft X 70 ft) on a flat corner site.
The property includes Ready-to-issue (RTI) plans, allowing a buyer to step directly into a project that has taken over 5 years of entitlement work-significantly reducing development timeline, carrying costs, and risk.
Located within a designated Opportunity Zone, this property offers incredible tax advantages for builders/developers/investors.
The site has been fully cleared, legally vacated, and graded flat, with NO affordable housing requirement. A buyer may proceed with the existing multi-family plans or explore alternative development options, including 10 potential fee-simple lot configurations under SB 684.
Strategically located within 1 block of Western Avenue and 2 blocks south of Carson Street, close to public transportation, Harbor UVLA Medical Center. Shopping, dining, and schools, and approximately 5.5 miles from Redondo Beach and the pier.
RTI has been extended to 8/28/26 by the Los Angeles Building Department.
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 Standard, Trust
Listed by Steve Schloeder Bonanza Realty 310-308-3248, DRE #00612682
Nearby Locations
GET MORE INFORMATION
John Fields
Broker-Associate | Lic# 00993786