RTI LAND... a rare find and opportunity to build a luxury mix-use residential with retail in one of the most coveted neighborhoods in the West Los Angeles/Culver City area. Approved plans to build 7 residential units and 1000 square feet of retail on a corner lot on Robertson Blvd and 25th St. Build a trophy property to add to your portfolio or build and exit. The total proposed living area is 7035 S.F. with underground parking for both residential and retail on a 5581.6 square Feet lot as per Zimas. The underground parking is accessible from the alley and includes spaces for residential and three cars plus four bicycles for retail. The property has space for a gym/community room or an ADU.
We are proud to exclusively present for a sale a Redevelopment Opportunity in Picfair Village, Los Angeles. Situated on S. Orange Grove Ave., between Pico Blvd. and Saturn St., this 7,125 SF [Q] R3-1-O Tier 3 lot is very close to the Pico & Fairfax intersection. The existing Triplex is vacant and perfect for a rehab and owner-user. The Project Plans are already submitted to Los Angeles Building and Safety and Letter of Determination has been issued. Consisting of eight 1+1 and eight 3+1 units, the Project has been designed with special attention to detail. Three of the units will be dedicated to Extremely Low Income households. With ground-level and subterranean parking, this Project will provide 5 parking spaces. An alternative lucrative project can potentially utilize ED1 - for which this site is eligible. Dedicating 100% of the rental units to Affordable Housing can potentially increase the density of a redevelopment project to 41+/- units. The Two 100% Affordable Housing development scenarios that can potentially be built are: 34+/- units, 4 Story Type V Construction or 41+/- units, 5 Story Type III Construction. The neighborhood features average household incomes above $114,000 in a 1 mile radius, showing that this area attracts a high-earning rental pool. This very central location, surrounded by a great variety of restaurants, nightlife and shopping, is walking distance to Vons and a short drive to LACMA, The Grove and The Farmers Market, among others. The area is designated as Very Walkable by Walk Score. Easy access to 10 freeway makes this property an easy to commute around Los Angeles. Currently there is a triplex on site that will be delivered vacant.
4303-4313 W Pico Blvd is a unique affordable housing development opportunity in Mid City. Plans call for 149 income restricted housing units and 1 manager unit, with an ideal unit mix of 48 singles and 102 one-bedrooms. Unlike other ED1 projects, the design includes one level of on-grade parking for 39 spaces and is centrally located to major employment hubs. The discount to surrounding market rents support both a voucher based and workforce housing lease-up strategy, allowing a developer multiple lease up options and flexibility at completion. The seven-story mid-rise project is designed with a stacked design, utilizing Type III over Type I construction for expedited construction and reduced costs. The project also includes 11,259 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $40,000 per buildable unit, offering a privately funded developer the opportunity to fund the entire project without tax credits or government subsidies. The existing two retail units will be delivered vacant at the close of escrow, allowing a developer to break ground and start on the project once permits have been pulled.
We are pleased to present 521 S Flower Street, a 12-unit redevelopment opportunity in the City of Inglewood. The plans for 521 S Flower Street are for a three-story, 11,366 SF new construction apartment building. The development site received Planning Approval from the City of Inglewood and will be Ready to Issue Permits in approximately 2-3 months.There is currently a 4-unit building on the property with one vacancy allowing the builder tocontinue to collect the cash flow prior to construction.The design for 521 S Flower Street is a diversified unit mix of two (2) studios, two (2) one?bedroom units, one (1) two-bedroom one-bathroom unit, two (2) three-bedroom one-bathroomunits, and five (5) three-bedroom two-bathroom units. One unit will be designated to lowincome. The design includes twelve (12) parking spots on the ground floor.
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.) Can build 2X800 sqft units. Ministerial approval (No hearings required)
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.
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.
The 6,047 square foot vacant corner lot at 1162 W Florence Ave offers a prime opportunity for development, with zoning conducive to multiple possibilities, including 100% affordable housing. Phase 1 and Phase 2 reports are readily available, ensuring the property's suitability for development. With dimensions of 50x120 and ample access, the lot presents a blank canvas for creative development ideas.
The property is 7,500 sf corner lot. The property is RTI (pending Buyer payment of Sewer Fee) for 23 unit (22 1-Bed & 1 3-Bed) apartment building with 1 affordable unit designated for Extremely Low Income. The design of the building allows for a very easy and fluid development process. Approved plans are available upon request.
This property is a rare investment opportunity located in the heart of Koreatown. With approximately 13 buildable units and a Tier 2 designation in a transit-oriented community, it's perfect for those seeking a high return on investment. The owner-user duplex will be delivered vacant, making it easy for you to develop the property without tenant relocation fees. The property is priced at $202 per land square foot. This amazing property is located in the heart of Koreatown with quick access to the 10 & 110 freeway. A rising area for development with nearby office buildings, hotels, retail, restaurants and a very unique nightlife! Don't miss out on this chance to invest in one of LA's most desirable locations. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer. Please do not call the seller as the property is listed.
Seller has permits RTI for 18 market rate units however this vacant lot has ED1 development potential for up to 60 units! Lot Dimensions are approximately 95 X 100 SF (2) 20 Foot Ally. Irreplaceable Prime West LA location!
We are pleased to present a 24,710 square foot redevelopment site located at 4420 South Broadway in Los Angeles, California. The subject property is situated in a solid South Los Angeles location, south of East Vernon Avenue and west of South Main Street. This offering is positioned on one (1) parcel totaling 24,710 square feet (SF) of land with a zoning ordinance of LAC2-2D-CPIO where the D suffix is an alteration of some of the base development standards per the Community Plan Implementation Overlay. This allows for sixty-one units (61) units by-right, a maximum height of 60 feet by-right, and a FAR of 1.5:1 by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories and thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. Five (5) additional concessions or incentives are granted under the State Density Bonus program. There is potential to stack these incentives with other programs such as TOC or the Los Angeles Density Bonus program, Buyer to verify. There is $95,280 in annual gross income which will stay in place while buyer goes through the entitlement process. All of the tenants are on month-to-month commercial leases. Positioned in a solid South Los Angeles location, this offering presents an excellent opportunity for an astute developer to purchase a large corner lot at a low price per square foot and potentially build over 100 units without any residential units to replace.
THIS LISTING IS FIVE LOTS OF APPROXIMATELY 18,182 SQUARE FEET.. THE PROJECT MUST BE SOLD TOGETHER. THE FIVE LOTS HAVE BEEN COMBINED INTO THREE ADDRESSES, 1044, 1046 AND 1054 SOUTH ROBERTSON. LOTS 2 AND 3 HAVE BEEN TIED TOGETHER, LOTS 4 AND 5 HAVE BEEN TIED TOGETHER AND LOT 6 T 1054 SOUTH ROBERTSON IS SEPARATE BUT PART OF THE WHOLE PACKAGE. THE THE LOCATION ON ROBERTSON IS PRIME AND IS ONLY A BLOCK FROM BEVERLY HILLS BORDER. THIS IS A ONCE IN A LIFETIME OPPORTUNITY TO BUILD RESIDENCES, MIXED USE AND MANY OTHER FACILITIES. THERE IS AN ALLEY BEHIND THE PROPERTY . 1054 ROBERTSON IS ZONED QC2 and the OTHER FOUR LOTS ARE ZONED C1. FABULOUS RE DEVELOPMENT PROPERTY
OPPORTUNITY ZONED!! READY TO ISSUE (RTI) WITH PERMITS ALL PAID, LARGE 4 UNIT PROJECT WITH 4 BEDROOM UNITS EACH! Each unit has been meticulously designed with the most thoughtful layout, which tenants absolutely love and helps them to make quick decision. The property offers the flexibility to build a large complex with units that boast unique and tasteful finishes, ensuring a touch of sophistication. Located in the bustling neighborhood of Koreatown, this site places you at the epicenter of everything from the vibrant energy of Downtown LA to the glamour of Beverly Hills. With an estimated monthly income of approximately $20,000, this investment promises a substantial return. Don't miss the opportunity to secure a property that is not only ready for development but also guarantees a lucrative and worthwhile investment in one of the most sought-after areas of Los Angeles.
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.
12750 SQFT. C2-2 ZONING. COMMERCIAL ZONED VACANT LAND. Subject property located along Vermont Avenue between Venice Boulevard and Washington Boulevard. Area is influenced by Koreatown communities and close proximity to Downtown Los Angeles. Great opportunity for investors. More Information.
Unique opportunity for development on a quiet street located in desirable Westdale in West LA. Walkable to Coffee, Bank, and Groceries. Near the Exposition line, and many major employers of Silicon Beach and the West Side, including Google, Amazon, Sony, Hulu, Facebook, Activision, and more. The property is currently a single family home with 2 bd 2 ba, 2 car garage. No tenants, will be delivered vacant. Endless possibilities: Up to 25 units under ED-1, or 19 Units by Right (via Brickwork), or by 3-4 Small Lot Subdivision, or whatever you can imagine! Currently have Planning Approval Letter for 12 Units with 1:1 parking. Average income is over $130,000 in this area, and market rents are very handsome, and LACMA VPS rents are Tier II ($3,504 for 2bd) making this a very desirable build opportunity. Letter of determination from the city are available upon request from qualified buyers. Call or Email the listing agent for additional information.
Do Not Wait to Buy Real Estate. Buy Real Estate and Wait. This 376 Square Foot subject parcel is zoned R2 and shares a lot with a duplex located at 429 W 68th Street. THE SELLER OF THE PARCEL MAY CONSIDER FINANCING FOR A NEW OWNER. E-mail or call with questions.
OPPORTUNITY ZONE! ED1 PROJECT DEVELOPMENT to Build 45+ units, Affordable Housing OR OWNER USER RESTAURANT WITH MOST OF THE RESTAURANT EQUIPMENT THERE BIG DINING AND EXTERIOR SITTING AREA AND LOTS OF PARKING. This Prime property Boast a generous 7549 Square foot Corner lot with convenient alley access. Currently , it features a closed restaurant making it a versatile canvas for your nest investment or development venture . Zoning LAC2, TOC TIER 3 . Multiple Apartment projects being built on Main St. Metro LA Near Downtown LA AND USC. Property being sold as is for land value only. Please call listing agent for more info.
Unveiling a remarkable investment opportunity in the prime Inglewood area. This property features a generous 10,965 square foot lot. With ample space, it's versatile land that can accommodate a range of business or investment ventures. Situated in close proximity to the new Clippers arena, this location presents a strategic advantage for potential investors, making it an opportunity with endless potential. Also nearby is SoFi Stadium, Kia Forum, and a plethora of shopping, dining, and entertainment options. Don't miss your chance to explore the possibilities of this prime Inglewood property. Contact us today for more information and to schedule a viewing.
We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!
This vacant lot in Inglewood is a prime piece of real estate located in close proximity to the SOFI & Intuit stadiums & Forum, making it an ideal investment opportunity for sports enthusiasts and developers alike. The lot spans an impressive 18,887 square feet, offering ample space for a wide range of commercial development possibilities. The lot benefits from easy access to local highways and major thoroughfares, providing convenient transportation options for future residents or customers. One of the most exciting aspects of this vacant lot is its location in Inglewood, an up-and-coming neighborhood that has seen significant growth and development in recent years. From trendy restaurants and shops to exciting entertainment venues, there's no shortage of attractions in the area to appeal to potential buyers. Overall, this vacant lot for sale in Inglewood represents an exceptional investment opportunity, with its generous size and prime location close to the stadiums making it a highly desirable piece of real estate. Zoning limitations apply.
This is an affordable housing development opportunity at 7311 S Figueroa St, located just south of W Florence Ave in South Los Angeles. The 12,480 SF lot will be delivered fully entitled for 144 income-restricted housing units and 1manager 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 seven story project, utilizing Type III over Type IA construction for a stacked design reducing construction costs for the developer. The existing 7 units/retail 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 62,735 SF and has a desirable unit mix of 141 x one-bedrooms and 4 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 projectsopens 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 W Florence Ave; walking distance to multiple Metro local lines on S Figueroa St.The subject property is walking distance to retail amenities, specifically three retail strip centers at the corner of W Florence Ave & S Figueroa St; nearby to the Childrens Institute Inc., Sixty-Eighth Stree Elementary School, and Loren Miller Elementary School. Parcel numbers 6020-025-014 & 6020-025-015.
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