We are pleased to present for sale a wonderful development opportunity located in the Vermont Knolls neighborhood of South Los Angeles! Located on an oversized 9,300 sqft lot zoned R3-1, the subject property is an excellent fit for an ED1 100% fully affordable project OR build up to 22 units using TOC Tier 1 incentives. The site is a single family owner occupied home that will be delivered VACANT = no dealing with tenant relocation or SB 8 low income replacement!! The lot measures 50 by 186 ft and is FLAT. Low price per square foot of just $91/SF on current asking price. Located in South LA walking distance to Smart & Final, Chase, McDonalds, Subway, freeways, and more. Do not miss this opportunity to build in a high rental demand pocket of Los Angeles at this low of a low price point!! Contact listing agent for more details.
We are pleased to present for sale a wonderful development opportunity located in the Vermont Knolls neighborhood of South Los Angeles! Located on an oversized 9,300 sqft lot zoned R3-1, the subject property is an excellent fit for an ED1 100% fully affordable project OR build up to 22 units using TOC Tier 1 incentives. The site is a single family owner occupied home that will be delivered VACANT = no dealing with tenant relocation or SB 8 low income replacement!! The lot measures 50 by 186 ft and is FLAT. Low price per square foot of just $91/SF on current asking price. Located in South LA walking distance to Smart & Final, Chase, McDonalds, Subway, freeways, and more. Do not miss this opportunity to build in a high rental demand pocket of Los Angeles at this low of a low price point!! Contact listing agent for more details.
Expansive land spanning an entire city block from 66th to 67th Street, comprising five adjacent lots totaling 20,817 square feet of commercially zoned land (C2-1VL-CPIO). This vacant land presents various development possibilities, from retail commercial projects to multifamily housing. This unique property is a standout development opportunity in the heart of South Los Angeles. Assembling multiple parcels like this is exceptionally rare, saving investors significant time and resources. Its considerable size also eliminates the hurdles of demolishing and replacing old units, a notable advantage given the complex political climate surrounding new developments in Los Angeles. The sale includes parcel numbers 6015-016-003, 6015-016-004, 6015-016-005, 6015-016-029, and 6015-016-030, which must be sold together.
Excellent Opportunity to Develop a Gorgeous Home or Commercial property! Land is close to public transportation, markets, school and more. This land is ready for your imagination. Don't miss out and thank you for showing!
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.
This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager 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 five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex 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 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 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 projects opens 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 Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave.The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center.
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.
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 sell
Attention builders looking for you next project, here is a flat Lot R2 with 4050 sq ft close to 110 freeway, shopping centers and downtown LA
Development opportunity! 9300 square feet of vacant land with an alleyway. High density rental area, perfect for residential development or Section 8 housing. Zoned R3-1/ TOC Tier 1. Buyer to investigate and confirm zoning with the city of Los Angeles. A 100% New construction -2-story -19-unit-100% affordable apartment built next door (2021 build) on an identical lot. (Buyer to investigate, sourced from city records). Seller has renderings for a 16-unit multi family apartment building. The plans have not been approved, buyer is advised to perform their own personal due diligence with regards to development potential.
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90044 has a population of 3,902,440. Los Angeles 90044 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90044 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90044 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.