Description

Maher Commercial Realty is pleased to present this unique opportunity to purchase an +/-15,222 square foot lot zoned C2-1VL-CPIO. The property consists of a parking lot and church that is currently vacant. The site is located at the corner of S. Avalon Blvd. and E. 118th Place in South Los Angeles.

Using the TOC menu, a developer can build a +/-67-unit development site. As an 100% affordable project, a buyer can build at least 71 units, or more if they chose to utilize the full height restriction of 78 feet.

This is a very good value at only $25,282 per buildable door as an 100% affordable site and $26,791 per door as a TOC mostly market-rate site.

The property consists of a well-loved +/-4,208 sq.ft. church as well as the generous corner parking lot 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.

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.

Property Features:

  • List Price: $1,795,000
  • Lot Size Sq.Ft.: ±15,222 SF
  • Price Per Sq.Ft.: $131.32
  • Zoning: C2-1VL-CPIO
  • Number of Units (TOC Menu): 67 Units
    • Price Per Unit: $25,282
  • Number of Units (100% Affordable): ±71 Units
    • Price Per Unit: ±$26,791
  • APN: 6084-005-035 and 6084-005-036

Property ID

11854 & 11860 Avalon Blvd, Los Angeles

Property Type

Land

Status

For Sale

Price

$1,795,000.00

Additional Features

N

los angeles land for sale

N

los angeles redevelopment opportunity

N

los angeles residential development

N

maher commercial realty


Agents

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • Oron@MaherCR.com
  • MaherCR.com
Nicole Lu

Nicole Lu

Investment Associate

  • 1 (310) 710-1018
  • Nicole@MaherCR.com
  • MaherCR.com

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