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
0.34 Acres Lot
$ 975,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26221465
HOA Y/N No
Lot Size 0.340 Acres
Property Description
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY – 14,821 SQ. FT. LOT!
Exceptional investment and development opportunity in the heart of Los Angeles! Offered at $975,000, this expansive 14,821 sq. ft. vacant lot features RD1.5-1-CPIO zoning, offering excellent potential for multifamily residential construction. Based on the standard RD1.5 density calculation, the lot may accommodate approximately 9 residential units, subject to City approval and applicable development regulations. The property is also designated as a Housing Element Rezoning Site and is located within a Transit Priority Area, providing opportunities to explore qualifying density bonuses and affordable housing incentives. Conveniently located near major transportation corridors, shopping, schools, and employment centers. Ideal for developers, builders, and investors seeking to capitalize on Los Angeles' continued housing demand. Buyer to independently verify zoning, allowable density, development incentives, parking requirements, and all construction possibilities with the City of Los Angeles.
Exceptional investment and development opportunity in the heart of Los Angeles! Offered at $975,000, this expansive 14,821 sq. ft. vacant lot features RD1.5-1-CPIO zoning, offering excellent potential for multifamily residential construction. Based on the standard RD1.5 density calculation, the lot may accommodate approximately 9 residential units, subject to City approval and applicable development regulations. The property is also designated as a Housing Element Rezoning Site and is located within a Transit Priority Area, providing opportunities to explore qualifying density bonuses and affordable housing incentives. Conveniently located near major transportation corridors, shopping, schools, and employment centers. Ideal for developers, builders, and investors seeking to capitalize on Los Angeles' continued housing demand. Buyer to independently verify zoning, allowable density, development incentives, parking requirements, and all construction possibilities with the City of Los Angeles.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 5002014019
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Probate Listing
Listed by Edik Minassian Classic Realty Exchange 818-521-6060, DRE #01060150