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8810 S Central Avenue

Los Angeles, CA 90002

PRICE REDUCED

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-$55,000 (-4.78%)

$1,095,000

List Price

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Property Description

Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. We are pleased to present this unique opportunity to purchase an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition. The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process. Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles. A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus. This is a very good value at $23,297 per buildable door, $91.14 per Sq.Ft. on land and a clean Phase II on file. The site is comprised of three APN's: 6043-004-014, 6043-004-015 and 6043-004-016.The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 47 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site. Great location just three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church. Seller has a clean phase 2 environmental report on file. The site is comprised of three APN numbers 8802 S. Central (6043-004-014), 8806 S. Central (6043-004-015) and 8810 S. Central (6043-004-016).

Listing Information

List Price $1,095,000
Status Active
MLS 24408661
Type Land
Lot Size 12,014
Structure Size N/A
DOM 131
Courtesy Of Maher Commercial Realty
Listing Agent Oron Maher DRE#01299093

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

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Listing information courtesy of: Oron Maher, Maher Commercial Realty 310-464-1453. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 6th, 2024 at 5:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.