RTI approved permits for a "Shovel-Ready", non-rent controlled (no low-income requirement / no SB 8), 4-unit multifamily development that will overlook the downtown Los Angeles skyline and is within close walking proximity to the new 6th Street Bridge and P.A.R.C. under construction. Adding greater value, on December 12, 2023, the LA City Council voted to adopt the Boyle Heights Community Plan with rezoning amendments that will allow up to 11 residential units / 6,601.8 buildable sq. ft. at market rates or up to 20 residential units / 13,203.6 buildable sq. ft. with max bonus. In addition, the new zoning allows for the option of mixed-use development with no restriction on building height and the number of residential units will still remain up to 11 market rate units or up to 20 units with max bonus!
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.
Motivated Seller* Total of three (3) Parcels included in this sale. for a total of 34,589 square feet. APN ending with 008 is 14,800 Sq.Ft, 009 is 7,569 Sq.Ft 023 is 12,200 Sq.Ft. Located in the city of Downey zoned R3 DOR3-PB*The parcels are surrounded by single family recidence and multi family houses. easy egress access from Florence Ave.
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)
We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. The combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Contact listing agent for more details!
Massive Development Opportunity. At this time one could build up to 20 market-rate units on this property, and by mid to late 2025 under the new "Boyle Heights Community Plan" and by utilizing the "Community Benefit Program" one could construct up to 36 units, encompassing 32 market-rate units and 4 low-income units. According to ZIMAS the property is not subject to HPOZ.
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.
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.
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!
We are pleased to present an estimated +/-3,494sf commercial building on +/- 16,055sf of LCC1 zoned land. Located on a lighted intersection with alley access, the property caters itself well to an owner-user, medical user, clinic, veterinarian, 7-Eleven type convenience store, retail, or professional office needing by significant visibility and 25+ parking spaces! As a development site, the corner lot and alley access are primed for a developer to utilize 100% affordable housing incentives to maximize units on the large 16,055sf LCC1 zoned land. With its close proximity to the 110 Freeway, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Any Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property. For more information please contact the Listing Broker.
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)
Zoned as R3, this expansive property offers exciting development potential for approximately 44 apartment units. The parcel is strategically planned for a variety of options, featuring a Tentative Tract Map meticulously designed for 18 attached homes, Small Lot Subdivision, and the potential for up to 23 Single Family Lots. It's important to note that the Tract is currently pending approval, and a comprehensive review letter from the Los Angeles City outlines specific development requirements based on the tentative tract map.Situated in the Southwestern part of Los Angeles, this property boasts proximity to major transportation arteries, including convenient access to the 110 and 105 Freeways. This strategic location enhances the appeal for future residents, offering an ideal commute to and from the area.While the current plan is in alignment with the tentative tract map, there exists flexibility for potential developers to explore alternative options. Whether considering the construction of apartments or pursuing an entirely different development plan, interested parties are encouraged to liaise with the Los Angeles City for guidance and to explore the diverse possibilities that this property holds.Seller financing available for up to 2 years with 50% down on approval by seller. Seller is flexible and willing to JV with a qualified developer.Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.
Presenting a truly exceptional opportunity that emerges like a rare gem amidst the vast landscape of possibilities behold "0 Orange Street." This distinguished property, nestled within the vibrant heart of Downey, offers an uncommon chance to own a remarkable oversized corner lot. Spanning an impressive 9,973 square feet and zoned as "medium density" R-2, this distinctive parcel sets the stage for unparalleled potential, enticing both discerning investors and visionary homeowners alike. Poised to become the home to nationally acclaimed schools, pristine parks, and an array of coveted amenities, including a regional mall, prominent shopping and business centers, the esteemed Downey Theatre, and the illustrious Colombia Memorial Space Center, this vacant land epitomizes the essence of an extraordinary opportunity. Embark on a transformative journey as you envision and manifest your dreams upon this hallowed ground. Surrounded by a dynamic community and strategically positioned approximately 5 miles from Orange County and 15 miles from the iconic Downtown Los Angeles, "0 Orange Street" beckons with the promise of unlimited possibilities. The time has come to seize this exclusive moment and shape the future in alignment with your aspirations.
City Terrace Hills View Lot! Design & build your dream Residence. ATTENTION Investors, Developers, Builders R-1 up-slope land parcel, possible ADU option. Close to Downtown LA restaurants & shops, Arts District, Cal State LA University, USC Keck Medical Center, Dodger Stadium, 10, 60, 2, 5, and 710 freeways.
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.
Two lots, side by side, ready for development. All of the development work was completed just before the pandemic hit, those have expired and the process needs to start new. The sale will be for BOTH lots together.
We are pleased to present an amazing individual or investor opportunity to acquire a residential view lot in the up-and-coming City Terrace neighborhood of Los Angeles County. The land offers Amazing views and is ideally located in the center of the soaring East Los Angeles market. With irreplaceable Downtown Views and dramatic hillsides, this East Los Angeles neighborhood is quickly becoming one of the most desirable residential locations in Los Angeles. With easy access to freeways, numerous employment options in Downtown Los Angeles, City and Skyline Views, and in close vicinity to California State University-Los Angeles and USC Keck Medical Center, City Terrace is currently experiencing rapid gentrification and an influx of young professionals. Fantastic opportunity for individual to build dream home or developer for spec project in up and coming City Terrace.
OWNER FINANCING AVAILABLE! This sale includes 3 parcels on the same street with the following APN's: 5227016026, 5227005001, 5227018020. Each lot can also be purchased individually for $169,000, the bundle offers a discounted price. Excellent development opportunity or build your dream home with city views. Located in the highly sought-after community of City Terrace near Downtown Los Angeles, freeways, amazing food, and shopping. LCR2 zoning allows you to build an incredible modern single-family home.
Welcome to an exciting opportunity to invest in a prime lot located at 1013 Geraghty in Los Angeles. Situated in an up-and-coming neighborhood, this 5372 square foot lot offers tremendous potential for development or investment.Nestled in a vibrant and evolving neighborhood, this lot offers easy access to a variety of amenities including shops, restaurants, entertainment venues, and more. With schools, parks, and major transportation routes nearby, this location provides convenience and accessibility for residents.All essential utilities such as water, electricity, gas, and sewer are readily available at the street, simplifying the development process for prospective buyers. With great potential for views of Downtown Los Angeles. Whether you're looking to build your dream home or explore investment possibilities, this lot presents an excellent opportunity to capitalize on the potential of a rapidly developing area in Los Angeles.
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