We are pleased to present this unique opportunity to purchase or lease an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus or up to 85 units under ED1.… Read More This is a very good value at $9,352 per buildable door and $66.17 per Sq.Ft. on land. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition. The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process. Available for lease at $6,500 per month. Property uses include recycling center, tow yard, vehicle storage, property storage, auto service, auto body work, construction equipment storage, tire supplier, community services. Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles. Located one block from an upcoming 119 unit affordable housing project by Abode Communities. The Seller currently has a clean Phase II from the year 2024 on file. The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 85 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site. Great location just three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church. The site is comprised of three APN numbers 8802 S. Central (6043-004-014), 8806 S. Central (6043-004-015) and 8810 S. Central (6043-004-016). Read Less
Property listed by Maher Commercial Realty, Oron Maher 310-259-7556
Listing Snapshot
Days Online
483
Last Updated
Square Ft.
3,000
Lot Size
0.28 Acres
Year Built
1927
MLS Number
24465535
Additional Details
Building
Built in 1927, 1 storey
Home Owner's Association
Association Fee: $0
Lot
0.2758 acres, CornerLot
Taxes
Parcel Number: 6043004016, Zoning: C2-1VL-CPIO
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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