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$525,000
Est. payment /mo
2,559 Sqft Lot
UPDATED:
11/29/2024 04:29 AM
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24241158
HOA Y/N No
Lot Size 2,559 Sqft
Acres 0.0587
Property Description
Vacant Lot for Sale in Los Angeles A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and its also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Vacant Lot for Sale in Los Angeles A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and its also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Vacant Lot for Sale in Los Angeles A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and its also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Location
State CA
County Los Angeles
Area Los Angeles (90003)
Building
Lot Description Corner Lot, Curbs, Sidewalks
Lot Size Range 1-3999 SF
Others
Monthly Total Fees $28
Miscellaneous Value in Land
Acceptable Financing Cash
Listing Terms Cash
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Listed by Venus Martinez • Redfin Corporation
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878