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$ 700,000
Est. payment | /mo
840 SqFt
$ 700,000
Est. payment | /mo
840 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 840 sqft
Price per Sqft $833
MLS Listing ID 26102600
Year Built 1938
Lot Size 5,902 Sqft
Acres 0.1355
Property Description
Excellent development opportunity in South Los Angeles! Situated along the Florence Avenue commercial corridor, this 5,902 SF lot is zoned LAC2, offering potential for multifamily residential, mixed-use, or commercial development. Preliminary zoning suggests the potential for approximately 14 residential units, with additional density possible through the City of Los Angeles' CHIP, MIIP, AHIP, or State Density Bonus programs. Qualifying projects may benefit from increased density, additional height, and reduced parking requirements. Ideal opportunity for developers and investors looking to capitalize on the area's redevelopment potential. Buyer to verify all zoning, development potential, and applicable incentives with the City of Los Angeles
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LAC2
Others
Special Listing Condition Standard
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Listed by eXp Realty of Greater Los Angeles
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