$1,050,000
About this home
Great development opportunity in a high-demand South Los Angeles corridor. 6,414 SF lot zoned Commercial/Mixed-Use per Specific Plan, offering strong multifamily redevelopment potential. The site is currently improved with a 3,178 SF structure; however, the primary value is in the land. Preliminary concept plans propose a 5-story, 100% affordable multifamily project with up to 39 units, including a mix of one-bedroom, two-bedroom, and studio units, leveraging AB 2345 and transit-oriented incentives. No on-site parking required per AB 2097. Plans have been prepared by a licensed architect and submitted for preliminary planning review; buyer to continue entitlement process. Strategically located near the Firestone, Florence, and Slauson Metro Rail Stations, supporting higher-density infill development. Buyer to independently verify zoning, density, incentives, and all development assumptions. Property sold AS-IS for land value.
Facts & features
- Bathrooms
- 0
- Lot size
- 0.147 acres (6,414 sq ft)
- Year built
- 1921
- Area
- C 37 - Metropolitan South
- County
- Los Angeles
- Status
- Active
- Property type
- Commercial Sale
- Days on market
- 92
- Listed
- 2026-04-06
- Original price
- $1,175,000
- Parcel #
- 6044006006
- MLS #
- 26674001
