Description

Owner is motivated. Maher Commercial Realty is pleased to present this unique opportunity to purchase an +/- 4,160 square foot buildable lot zoned C2-1VL-CPIO which is currently under utilized. This is a land sale. The property has remnants of an old building that was burned in a fire, not usable in its current condition. The site is located near the signalized corner of S. Western Avenue and W. 67th Street in South Central Los Angeles.

Using the TOC menu, a developer can build a +/- 18-unit development site. As an 100% affordable project, a buyer can build at least 19 units, or more if they chose to utilize the full height restriction of 78 feet.

This is a very good value at only $21,000 per buildable door as an 100% affordable site and $22,166 per door as a TOC mostly market-rate site.

Great location just one block from Mann UCLA Community School, serving middle school and high school students grades 6-12, and next to Inglewood’s highly in-demand neighborhoods of Hyde Park and Morningside Park. Easy access to the 110 Freeway, as well as the option to access the east-west 10 and 105 Freeways.

Property Features:

  • List Price: $399,000
  • Buildable Lot Size Sq.Ft.: ±4,160 (3,901 + 260 increase for alley)
  • Price Per Sq.Ft.: $95.91
  • Lot Size Sq.Ft.: ±3,901 (per Zimas)
  • Price Per Sq.Ft. on Land: $102.28
  • Zoning: C2-1VL-CPIO
  • Number of Units (TOC Menu): 18
    • Price Per Unit: $22,166
  • Number of Units (100% Affordable): ±19
    • Price Per Unit: ±$21,000

Property ID

6708-6710 S. Western Ave., Los Angeles

Property Type

Land

Status

For Sale

Price

$399,000.00

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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