Lennox CA Real Estate & Land for Sale


Showing Homes Nearby Lennox, CA
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
SR24043010
Type:
Land
Lot size:
0.22 Acres
Listing Agent: Brandon Gonzalez CalDRE: 02101374 - Harcourts Prime Properties, 818-939-7944 Brandon Gonzalez CalDRE: 02101374
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Live Auction! Bidding to Start from $1,000,000! 8401-8409 S Western Ave is a choice 9,708 square foot parcel which is a true Ready-to-Issue 27 Unit, 100% Affordable Residential Project. Situated on S. Western just north of West Manchester Ave. between W 84th St. and W 84th Pl., this LAC2 parcel backs up to an alley and has frontage on both S. Western Ave and W. 84th St. The Building Plans consist of plans to construct 27 units, each comprising 1 Bed/1 Bath residences spread across three stories and featuring a dedicated manager's unit. Notably, two units are reserved for extremely low-income residents, while the remaining units cater to Low Income residents. This lot is ideally positioned near Los Angeles' brand new SoFi Stadium, the KIA Forum, and the almost completed Intuit Dome - submit an offer to stop the auction or bid on April 4th to win this rare investment opportunity.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
PW24084961
Type:
Land
Lot size:
0.06 Acres
Listing Agent: Sebastian Stofenmacher CalDRE: 01328684 - Edgestone Real Estate, Inc., 818-464-5113 Sebastian Stofenmacher CalDRE: 01328684
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SB9 Lot split. Vacant, flat buildable lot. No demo needed. No parking required. Zoned for up to two units (R1 but allows an SFR or duplex.) Canbuild 2X800 sqft units. Ministerial approval (No hearings required)

Beds:
n/a
Baths:
Sq.Ft.:
2,701
Status:
Active
MLS#:
CRPW24084961
Type:
Land
Lot size:
0.06 Acres
A broker reciprocity listing Courtesy: Sebastian Stofenmacher - Edgestone Real Estate, Inc. Sebastian Stofenmacher [email protected]
View additional info

SB9 Lot split. Vacant, flat buildable lot. No demo needed. No parking required. Zoned for up to two units (R1 but allows an SFR or duplex.) Canbuild 2X800 sqft units. Ministerial approval (No hearings required)

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24376771
Type:
Land
Lot size:
0.26 Acres
Listing Agent: Daniel Lalezari CalDRE: 01949474 - Keller Williams Hollywood Hills Daniel Lalezari CalDRE: 01949474
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Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. The existing structure consists of (3) two bedrooms, 1 bath per unit. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24376767
Type:
Land
Lot size:
0.26 Acres
Listing Agent: Daniel Lalezari CalDRE: 01949474 - Keller Williams Hollywood Hills Daniel Lalezari CalDRE: 01949474
View additional info

Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and a redevelopment project. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!

Beds:
n/a
Baths:
Sq.Ft.:
23,323
Status:
Active
MLS#:
CRSB24083803
Type:
Land
Lot size:
0.54 Acres
A broker reciprocity listing Courtesy: Ann Kim - Peninsula Realty, Inc. Ann Kim [email protected]
View additional info

Prime investment opportunity in the heart of South Central Los Angeles Area. This corner lot is a rare gem, situated on the bustling intersection of Normandie Ave and Manchester Ave, offering exceptional visibility and access. Ideal for investors and owner-users alike, this property presents a multitude of development and investment prospects in a thriving market. Positioned within the Vermont/Manchester Recovery Redevelopment Project and zoned as C2-1VL, the lot spans 22,252 square feet according to tax records and the actual size of 23326. Currently, the property is fully paved and fenced and hosts three tenants operating in the auto-related sector with month to month lease. The property holds potential for transformation into a gas station, drug store, fast-food restaurant, or neighborhood retail services hub. Property tours are limited to the exterior only, with tenants undisturbed. For interior viewings, please coordinate with the listing broker.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
SB24083803
Type:
Land
Lot size:
0.54 Acres
Listing Agent: Ann Kim CalDRE: 01194322 - Peninsula Realty, Inc. Ann Kim CalDRE: 01194322
View additional info

Prime investment opportunity in the heart of South Central Los Angeles Area. This corner lot is a rare gem, situated on the bustling intersection of Normandie Ave and Manchester Ave, offering exceptional visibility and access. Ideal for investors and owner-users alike, this property presents a multitude of development and investment prospects in a thriving market. Positioned within the Vermont/Manchester Recovery Redevelopment Project and zoned as C2-1VL, the lot spans 22,252 square feet according to tax records and the actual size of 23326. Currently, the property is fully paved and fenced and hosts three tenants operating in the auto-related sector with month to month lease. The property holds potential for transformation into a gas station, drug store, fast-food restaurant, or neighborhood retail services hub. Property tours are limited to the exterior only, with tenants undisturbed. For interior viewings, please coordinate with the listing broker.

Beds:
n/a
Baths:
Sq.Ft.:
11,364
Status:
Active
MLS#:
CL24376767
Type:
Land
Lot size:
0.26 Acres
A broker reciprocity listing Courtesy: Daniel Lalezari - Keller Williams Hollywood Hills Daniel Lalezari [email protected]
View additional info

Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and a redevelopment project. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!

Beds:
n/a
Baths:
Sq.Ft.:
11,364
Status:
Active
MLS#:
CL24376771
Type:
Land
Lot size:
0.26 Acres
A broker reciprocity listing Courtesy: Daniel Lalezari - Keller Williams Hollywood Hills Daniel Lalezari [email protected]
View additional info

Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. The existing structure consists of (3) two bedrooms, 1 bath per unit. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24376767
Type:
Land
Lot size:
0.26 Acres
Courtesy: Daniel Lalezari - Keller Williams Hollywood Hills Daniel Lalezari
View additional info

Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and a redevelopment project. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24376771
Type:
Land
Lot size:
0.26 Acres
Courtesy: Daniel Lalezari - Keller Williams Hollywood Hills Daniel Lalezari
View additional info

Fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. The existing structure consists of (3) two bedrooms, 1 bath per unit. Preliminary plans and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs) , 5 story 77 unit building or up to a 7 story 107 unit building. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum, and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming!

Beds:
n/a
Baths:
Sq.Ft.:
5,806
Status:
Active
MLS#:
CL24367853
Type:
Land
Lot size:
0.13 Acres
A broker reciprocity listing Courtesy: Jon Emrani - Marcus & Millichap Jon Emrani [email protected]
View additional info

We are pleased to offer a 5,804 sq. ft. development site located in unincorporated Los Angeles zoned LCC2YY. The site is vacant and there are nostructures to demolish. There are no tenants to move and no leases encumbering the site. The site enjoys alley access and has a gate in the front of the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24367853
Type:
Land
Lot size:
0.13 Acres
Listing Agent: Jon Emrani CalDRE: 01427038 - Marcus & Millichap Jon Emrani CalDRE: 01427038
View additional info

We are pleased to offer a 5,804 sq. ft. development site located in unincorporated Los Angeles zoned LCC2YY. The site is vacant and there are nostructures to demolish. There are no tenants to move and no leases encumbering the site. The site enjoys alley access and has a gate in the front of the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24367853
Type:
Land
Lot size:
0.13 Acres
Courtesy: Jon Emrani - Marcus & Millichap Jon Emrani
View additional info

We are pleased to offer a 5,804 sq. ft. development site located in unincorporated Los Angeles zoned LCC2YY. The site is vacant and there are nostructures to demolish. There are no tenants to move and no leases encumbering the site. The site enjoys alley access and has a gate in the front of the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
PW24084972
Type:
Land
Lot size:
0.06 Acres
Listing Agent: Sebastian Stofenmacher CalDRE: 01328684 - Edgestone Real Estate, Inc., 818-464-5113 Sebastian Stofenmacher CalDRE: 01328684
View additional info

SB9 Lot split. Vacant, flat buildable lot. No demo needed. No parking required. Zoned for up to two units (R1 but allows an SFR or duplex.) Canbuild 2X800 sqft units. Ministerial approval (No hearings required)

Beds:
n/a
Baths:
Sq.Ft.:
4,800
Status:
NEW LISTING
MLS#:
CL24387557
Type:
Land
Lot size:
0.11 Acres
A broker reciprocity listing Courtesy: David Bond - David Bond David Bond [email protected]
View additional info

SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a teardown. Seller had tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box busi

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
24387557
Type:
Land
Lot size:
0.11 Acres
Listing Agent: David Bond CalDRE: 00580597 - David Bond David Bond CalDRE: 00580597
View additional info

SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a teardown. Seller had tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. See the renderings for the proposed building and business. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Additional photos of another post office box business are included for visualization purposes. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. The restrictive SB-8 may not apply due to the property being commercial. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of leases, one now on a month to month basis, are included herein for reference. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only if deemed necessary and requested by the buyer because the house is considered to be a teardown. Also, because it is being sold for land value, sign, and its income stream only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Do not disturb occupants. Incredible deal. Make it yours.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
24387557
Type:
Land
Lot size:
0.11 Acres
Courtesy: David Bond - David Bond David Bond
View additional info

SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a teardown. Seller had tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. See the renderings for the proposed building and business. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Additional photos of another post office box business are included for visualization purposes. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. The restrictive SB-8 may not apply due to the property being commercial. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of leases, one now on a month to month basis, are included herein for reference. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only if deemed necessary and requested by the buyer because the house is considered to be a teardown. Also, because it is being sold for land value, sign, and its income stream only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Do not disturb occupants. Incredible deal. Make it yours.

Beds:
n/a
Baths:
Sq.Ft.:
2,606
Status:
Active
MLS#:
CRPW24084972
Type:
Land
Lot size:
0.06 Acres
A broker reciprocity listing Courtesy: Sebastian Stofenmacher - Edgestone Real Estate, Inc. Sebastian Stofenmacher [email protected]
View additional info

SB9 Lot split. Vacant, flat buildable lot. No demo needed. No parking required. Zoned for up to two units (R1 but allows an SFR or duplex.) Canbuild 2X800 sqft units. Ministerial approval (No hearings required)

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
P1-17387
Type:
Land
Subdivision:
Not Applicable
Lot size:
0.13 Acres
Listing Agent: Mark MacFarlane CalDRE: 01795440 - Vimvi California, [email protected] Mark MacFarlane CalDRE: 01795440
View additional info

Nestled in the heart of Lawndale, this 5,607 square foot lot offers an exceptional opportunity for those looking to bring their renovation dreams to life. This space is ideal for new construction, offering ample room for a large backyard, garden, or additional outdoor amenities. Uniquely zoned for the construction of 2 single-family homes, this property is an investor's dream. Whether you're looking to build your dream home or develop two separate residences for resale or rental, the possibilities are endless. Located in the vibrant community of Lawndale, the property is conveniently close to local amenities, schools, parks, and shopping areas. Its strategic location offers a perfect blend of suburban tranquility and city convenience. This property is a valuable investment in one of Lawndale's sought-after neighborhoods. Its potential for redevelopment makes it an excellent choice for both long-term investors and those looking to enter the real estate market. If you're a visionary who sees the potential in every opportunity, this Lawndale property is for you. It's combination of location, zoning possibilities, and renovation potential makes it a unique find in the market. Don't miss your chance to own and transform this diamond in the rough!

Beds:
n/a
Baths:
Sq.Ft.:
5,607
Status:
Active
MLS#:
CRP1-17387
Type:
Land
Lot size:
0.13 Acres
A broker reciprocity listing Courtesy: Mark MacFarlane - Vimvi California Mark MacFarlane [email protected]
View additional info

Nestled in the heart of Lawndale, this 5,607 square foot lot offers an exceptional opportunity for those looking to bring their renovation dreams to life. This space is ideal for new construction, offering ample room for a large backyard, garden, or additional outdoor amenities. Uniquely zoned for the construction of 2 single-family homes, this property is an investor's dream. Whether you're looking to build your dream home or develop two separate residences for resale or rental, the possibilities are endless. Located in the vibrant community of Lawndale, the property is conveniently close to local amenities, schools, parks, and shopping areas. Its strategic location offers a perfect blend of suburban tranquility and city convenience. This property is a valuable investment in one of Lawndale's sought-after neighborhoods. Its potential for redevelopment makes it an excellent choice for both long-term investors and those looking to enter the real estate market. If you're a visionary who sees the potential in every opportunity, this Lawndale property is for you. It's combination of location, zoning possibilities, and renovation potential makes it a unique find in the market. Don't miss your chance to own and transform this diamond in the rough!

Beds:
n/a
Baths:
Sq.Ft.:
1,924
Status:
Active
MLS#:
CRPW24084946
Type:
Land
Lot size:
0.04 Acres
A broker reciprocity listing Courtesy: Sebastian Stofenmacher - Edgestone Real Estate, Inc. Sebastian Stofenmacher [email protected]
View additional info

SB9 Lot split. Vacant, flat buildable lot. No demo needed. No parking required. Zoned for up to two units (R1 but allows an SFR or duplex.) Canbuild 2X800 sqft units. Ministerial approval (No hearings required)

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24358681
Type:
Land
Lot size:
0.21 Acres
Courtesy: Neema Ahadian - Marcus & Millichap Neema Ahadian
View additional info

This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave.The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center.

Beds:
n/a
Baths:
Sq.Ft.:
9,301
Status:
Active
MLS#:
CL24358681
Type:
Land
Lot size:
0.21 Acres
A broker reciprocity listing Courtesy: Neema Ahadian - Marcus & Millichap Neema Ahadian [email protected]
View additional info

This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24358681
Type:
Land
Lot size:
0.21 Acres
Listing Agent: Neema Ahadian CalDRE: 01346750 - Marcus & Millichap Neema Ahadian CalDRE: 01346750
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This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave.The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center.

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