Leimert Park CA Real Estate & Land for Sale


Showing Homes Nearby Leimert Park, CA
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.:
6,143
Status:
NEW LISTING
MLS#:
CRPW24085356
Type:
Land
Lot size:
0.14 Acres
A broker reciprocity listing Courtesy: Karla Escalante - Sigma Realty Karla Escalante [email protected]
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Prime Corner Development Opportunity in Vibrant South Los Angeles! Explore the potential of this expansive 6,143 sq ft lot, zoned LARD 1.5. Unleash your imagination the possibilities are endless for this ideally located property. Although the existing structure requires demolition, this opens the door for fresh, innovative development tailored to modern demands. Previously occupied until 2017, the lot sits at the bustling corner of Normandie Ave & W 41st Pl. Nestled in a culturally rich area, this property is just minutes from the University of Southern California, offering easy access to educational facilities, campus events, and vibrant student life. Its not just close to academia; its also a hub of connectivity to major Los Angeles attractions and business centers, making it a perfect spot for students, professionals, and families looking to build their dream in the heart of South Los Angeles. Surrounded by new development throughout the area. Call Today!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
PW24085356
Type:
Land
Lot size:
0.14 Acres
Listing Agent: Karla Escalante CalDRE: 02231455 - Sigma Realty Karla Escalante CalDRE: 02231455
View additional info

Prime Corner Development Opportunity in Vibrant South Los Angeles! Explore the potential of this expansive 6,143 sq ft lot, zoned LARD 1.5. Unleash your imagination the possibilities are endless for this ideally located property. Although the existing structure requires demolition, this opens the door for fresh, innovative development tailored to modern demands. Previously occupied until 2017, the lot sits at the bustling corner of Normandie Ave & W 41st Pl. Nestled in a culturally rich area, this property is just minutes from the University of Southern California, offering easy access to educational facilities, campus events, and vibrant student life. Its not just close to academia; its also a hub of connectivity to major Los Angeles attractions and business centers, making it a perfect spot for students, professionals, and families looking to build their dream in the heart of South Los Angeles. Surrounded by new development throughout the area. Call Today!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23280391
Type:
Land
Lot size:
0.09 Acres
Courtesy: Eileen Gonzales - KW Advisors Eileen Gonzales
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UNIQUE DEVELOPMENT OPPORTUNITY! Exceptional vacant lot nestled on a serene cul-de-sac, presenting an ideal canvas for developers. Revel in breathtaking panoramic vistas that encompass the sprawling LA basin, dazzling city lights, skyline views, expansive mountain ranges, and the iconic Hollywood Sign. Take advantage of the included architect plans, including geo reports, providing a head start on your vision. This coveted property is situated in the upscale Baldwin Hills neighborhood with highly prestigious developments, which further enhances it's desirability.

Beds:
n/a
Baths:
Sq.Ft.:
4,017
Status:
Active
MLS#:
CL23280391
Type:
Land
Lot size:
0.09 Acres
A broker reciprocity listing Courtesy: Eileen Gonzales - KW Advisors Eileen Gonzales [email protected]
View additional info

UNIQUE DEVELOPMENT OPPORTUNITY! Exceptional vacant lot nestled on a serene cul-de-sac, presenting an ideal canvas for developers. Revel in breathtaking panoramic vistas that encompass the sprawling LA basin, dazzling city lights, skyline views, expansive mountain ranges, and the iconic Hollywood Sign. Take advantage of the included architect plans, including geo reports, providing a head start on your vision. This coveted property is situated in the upscale Baldwin Hills neighborhood with highly prestigious developments, which further enhances it's desirability.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23280391
Type:
Land
Lot size:
0.09 Acres
Listing Agent: Eileen Gonzales CalDRE: 02146256 - KW Advisors Eileen Gonzales CalDRE: 02146256
View additional info

UNIQUE DEVELOPMENT OPPORTUNITY! Exceptional vacant lot nestled on a serene cul-de-sac, presenting an ideal canvas for developers. Revel in breathtaking panoramic vistas that encompass the sprawling LA basin, dazzling city lights, skyline views, expansive mountain ranges, and the iconic Hollywood Sign. Take advantage of the included architect plans, including geo reports, providing a head start on your vision. This coveted property is situated in the upscale Baldwin Hills neighborhood with highly prestigious developments, which further enhances it's desirability.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
IV24078602
Type:
Land
Lot size:
0.01 Acres
Listing Agent: TERESA CONTRERAS CalDRE: 02226157 - HOMELINK REALTY INC. TERESA CONTRERAS CalDRE: 02226157
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272 sq ft lot, approximately 2ft X 136 ft. Buyer to conduct their own due diligence to investigate, survey and development of lot. No Guarantees or Warranties as of condition of the property. All Information deemed reliable but not guaranteed.

Beds:
n/a
Baths:
Sq.Ft.:
272
Status:
Active
MLS#:
CRIV24078602
Type:
Land
Lot size:
0.01 Acres
A broker reciprocity listing Courtesy: TERESA CONTRERAS - HOMELINK REALTY INC. TERESA CONTRERAS [email protected]
View additional info

272 sq ft lot, approximately 2ft X 136 ft. Buyer to conduct their own due diligence to investigate, survey and development of lot. No Guarantees or Warranties as of condition of the property. All Information deemed reliable but not guaranteed.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23242283
Type:
Land
Lot size:
0.92 Acres
Courtesy: Sally Forster Jones - Compass Sally Forster Jones
View additional info

ELIGIBLE for ED1, LA's Fast-Track *Affordable Housing* Development Program. CALL AGENT FOR DETAILS! ~ Ideal, Affordable, House/Mixed Use Site. Originally priced at $14M - reduced by 25% by Highly Motivated Seller!! OPPORTUNITY ZONE!!! TIER 3!! HALF BLOCK TO METRO LA BREA STATION!! TOD/TOC/FAR!! ZONED FOR MINIMUM 164 UNITS!! Attention Developers, Builders, and Investors: An exciting, prime Jefferson Corridor development opportunity awaits in a transit-rich West Adams location just one block from the Metro E Line (Expo) which connects Santa Monica to DTLA. COSTCO IS JOINING THE CORRIDOR. There are six parcels in total (C1.5-1VL-CPIO, R3-1). 3043 S. La Brea Avenue is strategically located on the easternmost border of a Qualified Opportunity Zone, potentially allowing an investor to capitalize on economic incentives. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven-year hold period and is fully exempt from capital gains tax if the investment is held for at least 10 years (buyer to verify with a qualified tax professional). Bordered by Culver City, south of LACMA, and northeast of Silicon Beach, the Jefferson Corridor has launched numerous redevelopment projects, establishing the area as a thriving commercial, tech, entertainment, and mixed-use district. The property is surrounded by innovative global market leaders and high-profile projects including Amazon Studios, Costco (upcoming), Warner Media, HBO, Whole Foods, The Grove LA, Cumulus, Exposition Park, Sony Pictures, and the new Apple Campuses.

Beds:
n/a
Baths:
Sq.Ft.:
39,901
Status:
Active
MLS#:
CL23242283
Type:
Land
Lot size:
0.92 Acres
A broker reciprocity listing Courtesy: Sally Forster Jones - Compass Sally Forster Jones [email protected]
View additional info

ELIGIBLE for ED1, LA's Fast-Track *Affordable Housing* Development Program. CALL AGENT FOR DETAILS! ~ Ideal, Affordable, House/Mixed Use Site. Originally priced at $14M - reduced by 25% by Highly Motivated Seller!! OPPORTUNITY ZONE!!! TIER 3!! HALF BLOCK TO METRO LA BREA STATION!! TOD/TOC/FAR!! ZONED FOR MINIMUM 164 UNITS!! Attention Developers, Builders, and Investors: An exciting, prime Jefferson Corridor development opportunity awaits in a transit-rich West Adams location just one block from the Metro E Line (Expo) which connects Santa Monica to DTLA. COSTCO IS JOINING THE CORRIDOR. There are six parcels in total (C1.5-1VL-CPIO, R3-1). 3043 S. La Brea Avenue is strategically located on the easternmost border of a Qualified Opportunity Zone, potentially allowing an investor to capitalize on economic incentives. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven-year hold period and is fully exempt from capital gains tax if the investment is held for at least 10 years (buyer to verify with a qualified tax professional). Bordered by Culver City, south of LACMA, and northeast of Silicon Beach, the Jefferson Corridor has launched numerous redevelopment projects, establishing the area as a thriving commercial, tech, entertain

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23242283
Type:
Land
Lot size:
0.92 Acres
Listing Agent: Sally Forster Jones CalDRE: 00558939 - Compass Sally Forster Jones CalDRE: 00558939
View additional info

ELIGIBLE for ED1, LA's Fast-Track *Affordable Housing* Development Program. CALL AGENT FOR DETAILS! ~ Ideal, Affordable, House/Mixed Use Site. Originally priced at $14M - reduced by 25% by Highly Motivated Seller!! OPPORTUNITY ZONE!!! TIER 3!! HALF BLOCK TO METRO LA BREA STATION!! TOD/TOC/FAR!! ZONED FOR MINIMUM 164 UNITS!! Attention Developers, Builders, and Investors: An exciting, prime Jefferson Corridor development opportunity awaits in a transit-rich West Adams location just one block from the Metro E Line (Expo) which connects Santa Monica to DTLA. COSTCO IS JOINING THE CORRIDOR. There are six parcels in total (C1.5-1VL-CPIO, R3-1). 3043 S. La Brea Avenue is strategically located on the easternmost border of a Qualified Opportunity Zone, potentially allowing an investor to capitalize on economic incentives. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven-year hold period and is fully exempt from capital gains tax if the investment is held for at least 10 years (buyer to verify with a qualified tax professional). Bordered by Culver City, south of LACMA, and northeast of Silicon Beach, the Jefferson Corridor has launched numerous redevelopment projects, establishing the area as a thriving commercial, tech, entertainment, and mixed-use district. The property is surrounded by innovative global market leaders and high-profile projects including Amazon Studios, Costco (upcoming), Warner Media, HBO, Whole Foods, The Grove LA, Cumulus, Exposition Park, Sony Pictures, and the new Apple Campuses.

Beds:
n/a
Baths:
Sq.Ft.:
11,054
Status:
Active
MLS#:
CRSB24026450
Type:
Land
Lot size:
0.25 Acres
A broker reciprocity listing Courtesy: Aaron Jacobson - Lyon Stahl Investment Real Estate, Inc. Aaron Jacobson [email protected]
View additional info

Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity. With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership. Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
SB24026450
Type:
Land
Lot size:
0.25 Acres
Listing Agent: Aaron Jacobson CalDRE: 02100737 - Lyon Stahl Investment Real Estate, Inc., 310-729-1559 Aaron Jacobson CalDRE: 02100737
View additional info

Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity.With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership.Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked

Beds:
n/a
Baths:
Sq.Ft.:
8,831
Status:
Active
MLS#:
CRSR24013428
Type:
Land
Lot size:
0.2 Acres
A broker reciprocity listing Courtesy: Steven Sarahang - Flat Fee Inc. Steven Sarahang [email protected]
View additional info

7323 Crenshaw Blvd, This corner lot is 8831sf, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located near LAX and Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City. Currently the plans are submitted to the city for a 4 story 18 unit apartment building with an attached carport, waiting for final approval, this project will be affordable housing TOC Tier 3. Easy to start building with the older building demolished; possible to build 26 units or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through executive directive 1 if a 100% affordable housing project is pursued. the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include several multi unit projects in the area.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
SR24013428
Type:
Land
Lot size:
0.2 Acres
Listing Agent: Steven Sarahang CalDRE: 01386940 - Flat Fee Inc., 818-402-4266 Steven Sarahang CalDRE: 01386940
View additional info

7323 Crenshaw Blvd, This corner lot is 8831sf, Opportunity Zone development site is located along the dynamic Crenshaw Blvd corridor. Located near LAX and Crenshaw Metro Rail Line, the property is well positioned to provide tenants with ease of access to LAX, West Adams, USC, DTLA, Santa Monica, and Culver City. Currently the plans are submitted to the city for a 4 story 18 unit apartment building with an attached carport, waiting for final approval, this project will be affordable housing TOC Tier 3. Easy to start building with the older building demolished; possible to build 26 units or up to 46 units if the TOC incentives are utilized; there is also potential to achieve unlimited density via AB 2345 and expedited entitlement process through executive directive 1 if a 100% affordable housing project is pursued. the property is well positioned to provide profits for future generations. The Crenshaw corridor is going through significant upgrades with nearby developments include several multi unit projects in the area.

Beds:
n/a
Baths:
Sq.Ft.:
6,363
Status:
Active
MLS#:
CL24382101
Type:
Land
Lot size:
0.15 Acres
A broker reciprocity listing Courtesy: Bo Hyeok Kim - Coldwell Banker Realty Bo Hyeok Kim [email protected]
View additional info

We are pleased to present a great development opportunity to build 12-14 units of apartment R3 Tier2, with a total building size of 16,547 SF in the Mid-City neighborhood. The subject property plan offers a unit mix of six 1-bedroom+1 bathroom and seven 2-bedroom+1 bathroom units, along with one ELI 1-bedroom+1 bathroom unit. The plan includes a 4-story type VA over 1 story type 1A configuration. With a walk score of 84, ten parking spaces, and twelve bike parking spaces, the subject property allows tenants to benefit from the local offerings in the Mid-City neighborhood. RTI coming very soon. Buyer to verify all information

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24382101
Type:
Land
Lot size:
0.15 Acres
Listing Agent: Bo Hyeok Kim CalDRE: 01968218 - Coldwell Banker Realty Bo Hyeok Kim CalDRE: 01968218
View additional info

We are pleased to present a great development opportunity to build 12-14 units of apartment R3 Tier2, with a total building size of 16,547 SF in the Mid-City neighborhood. The subject property plan offers a unit mix of six 1-bedroom+1 bathroom and seven 2-bedroom+1 bathroom units, along with one ELI 1-bedroom+1 bathroom unit. The plan includes a 4-story type VA over 1 story type 1A configuration. With a walk score of 84, ten parking spaces, and twelve bike parking spaces, the subject property allows tenants to benefit from the local offerings in the Mid-City neighborhood. RTI coming very soon. Buyer to verify all information

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24382101
Type:
Land
Lot size:
0.15 Acres
Courtesy: Bo Hyeok Kim - Coldwell Banker Realty Bo Hyeok Kim
View additional info

We are pleased to present a great development opportunity to build 12-14 units of apartment R3 Tier2, with a total building size of 16,547 SF in the Mid-City neighborhood. The subject property plan offers a unit mix of six 1-bedroom+1 bathroom and seven 2-bedroom+1 bathroom units, along with one ELI 1-bedroom+1 bathroom unit. The plan includes a 4-story type VA over 1 story type 1A configuration. With a walk score of 84, ten parking spaces, and twelve bike parking spaces, the subject property allows tenants to benefit from the local offerings in the Mid-City neighborhood. RTI coming very soon. Buyer to verify all information

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
WS24026997
Type:
Land
Lot size:
0.36 Acres
Listing Agent: CELINE Y YAN CalDRE: 01974962 - Century 21 Masters-Walnut, 818-818-2888 CELINE Y YAN CalDRE: 01974962
View additional info

Ready To Build. DTLA, Korea Town. USC All together. 3 Duplexs. Total of 6 units. Each unit comes with 2 car Garage plus and a big storage. Opportunity to add multiple ADU's. Great income property. Building A: 2 Units, each are 4 bedrooms and 3 bathrooms. Building B, Total 2 units. Each are 4 bedrooms and 3 bathrooms. Building C: 2 Units each are 3 bedrooms plus a extra large Den and 3 Bathrooms. The only opportunity in DownTown LA. Mid City, Next to Korea Town. 8 mins walk to Wilshire Blvd. Plans are approved. Total buildings sq ft is 9700 for all 3 buildings.

Beds:
n/a
Baths:
Sq.Ft.:
15,782
Status:
Active
MLS#:
CRWS24026997
Type:
Land
Lot size:
0.36 Acres
A broker reciprocity listing Courtesy: CELINE Y YAN - Century 21 Masters-Walnut CELINE Y YAN [email protected]
View additional info

Ready To Build. DTLA, Korea Town. USC All together. 3 Duplexs. Total of 6 units. Each unit comes with 2 car Garage plus and a big storage. Opportunity to add multiple ADU's. Great income property. Building A: 2 Units, each are 4 bedrooms and 3 bathrooms. Building B, Total 2 units. Each are 4 bedrooms and 3 bathrooms. Building C: 2 Units each are 3 bedrooms plus a extra large Den and 3 Bathrooms. The only opportunity in DownTown LA. Mid City, Next to Korea Town. 8 mins walk to Wilshire Blvd. Plans are approved. Total buildings sq ft is 9700 for all 3 buildings.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
IV22030745
Type:
Land
Lot size:
2.2 Acres
Listing Agent: ROBERT ARRIETA CalDRE: 00997821 - ROBERT ARRIETA, BROKER, 951-892-5963 ROBERT ARRIETA CalDRE: 00997821
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Culver Place Assisted living 98 bed with Memory Center is an entitled development opportunity. A prime location nestled in-between Baldwin Hills & Blair Hills with frontage on La Cienega Blvd in the city of Culver City. This property was purchased by the current owner in 1949 and has never been on the market. Pent up demand for assisted living along with an ongoing explosion of adult longevity makes this opportunity most attractive. See supplements attached and call me anytime. Thank you

Beds:
n/a
Baths:
Sq.Ft.:
95,976
Status:
Active
MLS#:
CRIV22030745
Type:
Land
Lot size:
2.2 Acres
A broker reciprocity listing Courtesy: ROBERT ARRIETA - ROBERT ARRIETA, BROKER ROBERT ARRIETA [email protected]
View additional info

Culver Place Assisted living 98 bed with Memory Center is an entitled development opportunity. A prime location nestled in-between Baldwin Hills & Blair Hills with frontage on La Cienega Blvd in the city of Culver City. This property was purchased by the current owner in 1949 and has never been on the market. Pent up demand for assisted living along with an ongoing explosion of adult longevity makes this opportunity most attractive. See supplements attached and call me anytime. Thank you

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23271531
Type:
Land
Lot size:
1.25 Acres
Listing Agent: Filip Niculete CalDRE: 01905352 - Marcus & Millichap Filip Niculete CalDRE: 01905352
View additional info

We are proud to present 414 Stepney Street, a unique opportunity for a developer to build 100% affordable units which would allow for unlimited density.The Offering is comprised of 54,484 square feet of land (approx. 1.25 acres) zoned R3/MU. The Site is currently run as a mobile home park and grosses $442,000 per year. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use. The Lot is located on the corner of Centinela Avenue and Stepney Street just North of Florence Avenue in the highly sought after City of Inglewood. With a Walk Score of 84, The Offering is located less than 2 miles from Hollywood Park, home to the $6B Sofi Stadium and the highly anticipated $2B Intuit Dome new home of the LA Clippers. The master planned community will also include approximately 3,000 new residential units, 1.5 million square feet of new retail space, and 20 acres of parkland. The City of Champions is known for its extraordinary sports history, but more importantly for investors, it is known as a development hub with superb investment opportunities due to its pro-growth and user-friendly municipal government which caters to progression. Exciting developments have brought the world to the City of Inglewood for sports, entertainment, and business opportunities. But for Inglewood residents, these changes have come at a cost with rising rents leading to tough choices.The Inglewood Home Assist Fund (Inglewood Fund), made possible by the City of Inglewood and Mayor James T. Butts in connection with the construction of the Intuit Dome, takes center court as a $75 million initiative to meet the growing demand for housing in the City of Inglewood. Century Housing, along with our partners, will administer the fund by lending to qualified developers for the acquisition, development, and preservation of affordable and mixed-income housing. Developers based in Inglewood will receive priority.

Beds:
n/a
Baths:
Sq.Ft.:
54,484
Status:
Active
MLS#:
CL23271531
Type:
Land
Lot size:
1.25 Acres
A broker reciprocity listing Courtesy: Filip Niculete - Marcus & Millichap Filip Niculete [email protected]
View additional info

We are proud to present 414 Stepney Street, a unique opportunity for a developer to build 100% affordable units which would allow for unlimited density.The Offering is comprised of 54,484 square feet of land (approx. 1.25 acres) zoned R3/MU. The Site is currently run as a mobile home park and grosses $442,000 per year. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use. The Lot is located on the corner of Centinela Avenue and Stepney Street just North of Florence Avenue in the highly sought after City of Inglewood. With a Walk Score of 84, The Offering is located less than 2 miles from Hollywood Park, home to the $6B Sofi Stadium and the highly anticipated $2B Intuit Dome new home of the LA Clippers. The master planned community will also include approximately 3,000 new residential units, 1.5 million square feet of new retail space, and 20 acres of parkland. The City of Champions is known for its extraordinary sports history, but more importantly for investors, it is known as a development hub with superb investment opportunities due to its pro-growth and user-friendly municipal government which caters to progression. Exciting developments have brought the world to the City of Inglewood for sports, entertainment, a

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