Description
PRICE REDUCED: THREE DEVELOPMENT PARCEL PACKAGE IN SOUTHERN LOS ANGELES – 55 UNIT TOTAL PROJECT
3 Parcel Combined Price: $1,999,000 (not sold individually)
Combined Lot Square Footage: +/- 17,035
Combined Building Square Footage (1): +/- 5,624 Sq. Ft.
Combined Buildable Units: 55
Combined Market Rate Units: 47
Combined Affordable Units: 7
Combined Parking Spaces: 54
Combined FAR: 41,137.85
All three of these non-contiguous parcels are being sold together in one assemblage. The buildability of each individual parcel has been shown as a breakdown for information purposes, but each parcels is not available for individual purchase. There is a covenant requiring two of the parcels to be used as Church Parking, however, said covenant can be extinguished by obtaining a demolition permit to demolish the structure located at 6227 S. Avalon St., Los Angeles, CA 90004. Buyer to verify buildability.
6227 S. Avalon Blvd., Los Angeles, CA 90003
- Lot Square Footage: +/- 6,319 Sq. Ft.
- Building Square Footage: +/- 5.624 Sq. Ft.
- Zoning: C2 TOC Tier 2 Zone
- Total Buildable Units: 27
- Market Rate Units: 24
- Affordable Units: 3
- Total Stories Allowed: 4 (using menu incentive)
- Parking Spaces: 27
- Total FAR: 15,707.85
- Great location in South Los Angeles. Easy access to freeway 110 and exit 18A.
- Property falls under TOC Tier 2 Zone and as such, it is potentially possible to build as follows. Buyer to verify buildability.
520 E. 62nd Street, Los Angeles, CA 90003
- Lot Square Footage: +/- 5,466
- Zoning: R2 TOC Tier 2 Zone
- Total Buildable Units: 5
- Market Rate Units: 4
- Affordable Units: 1
- Total Stories Allowed: 4
- Parking Spaces: 5
- Price PSF of Land: $110
- Total FAR: 12,989
- Great location in South Los Angeles. Easy access to freeway 110 and exit 18A.
- Property falls under TOC Tier 2 Zone and as such, it is potentially possible to build as follows. Buyer to verify buildability.
6213 S. Avalon Blvd., Los Angeles, CA 90003
- Lot Square Footage: +/- 5,250
- Zoning: R2 TOC Tier 2 Zone
- Total Buildable Units: 22
- Market Rate Units: 19
- Affordable Units: 3 (very low income)
- Total Stories Allowed: 4 (using menu incentive)
- Parking Spaces: 22
- Price PSF of Land: $152
- Total FAR: 12.441
- Great location in South Los Angeles. Easy access to freeway 110 and exit 18A.
- Property falls under TOC Tier 2 Zone and as such, it is potentially possible to build as follows. Buyer to verify buildability.
