Description

PRICE REDUCED: THREE DEVELOPMENT PARCEL PACKAGE IN SOUTHERN LOS ANGELES – 55 UNIT TOTAL PROJECT

3 Parcel Combined Price: $2,750,000 (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.

17035
Area Sq-ft

3
Bedrooms

52
Bathrooms

Property ID

3 Parcel Package on Avalon and 62nd

Property Type

Office

Area

17035 Sq-ft

Built in

1953

Property Status

For Sale

Price

$2,199,996.00

Agent

Real Estate Agent

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