Description
Contact Nicole Lu to discuss price and offer terms.
Maher Commercial Realty is pleased to present this unique opportunity to purchase an +/-15,222 square foot lot zoned C2-1VL-CPIO. Creative uses include a banquet hall, medical/dental offices and school/daycare*. The property consists of a parking lot and +4,028 Sq.Ft. commercial building formerly used as a church and is currently vacant. The site is located at the corner of S. Avalon Blvd. and E. 118th Place in South Central Los Angeles.
25 striped parking spaces with entry and exit from Avalon Blvd and 118th Place.
A developer can build up to 154 units on the site.
This is a very good value at $9,700 per buildable door.
The property consists of a +/- 4,028 square foot church on a large 15,222 square foot corner parcel with easy visibility, and wide entrances from both S. Avalon Blvd and E. 118th Pl. This site offers a savvy investor or developer a wide variety of options, from renting to a new church to leveraging the flexible C2 zoning and developing a commercial property on the site. Creative uses include*:
Event Space: Ideal for a banquet hall, church, or a venue for large group gatherings, this property features a commercial kitchen, open areas with soaring ceilings, and more.
Dental/Medical: This property offers ample parking with 25 striped spaces and zoning for Neighborhood Commercial use. With a number of upcoming developments in the vicinity, there is an anticipated rise in demand for local services.
School/Daycare: Tailored for educational and childcare purposes, this property caters to schools, after-school programs, daycares, and adult daycare facilities. The former church structure includes meeting rooms, classrooms, a dining area, and a fully-equipped commercial kitchen. Enhanced security features such as fenced parking and gated access ensure safety, while the outdoor area provides a secure space for various activities including outdoor education and physical recreation.
Great location just three blocks north of beautiful Earvin “Magic” Johnson Park and Social Security Administration office and close to Ánimo Watts Charter High School and Ánimo Mae Jamison Charter Middle School. Easy access to the 110 Freeway and 105 Freeway Interchange.
*Buyer to verify all allowable uses on site.
Property Features:
- List Price: $1,495,000
- Building Sq.Ft: ±4,208 SF
- Lot Size Sq.Ft.: ±15,222 SF
- Price Per Sq.Ft.: $98.00
- Zoning: C2-1VL-CPIO
- Number of Units: 88 to 154
- Price Per Buildable Door: $9,700
- APN: 6084-005-035 and 6084-005-036
