1516 W 58th Street, Los Angeles, CA 90062
Property · 3 recorded sales since 2023
Sold April 2024
Listing Agent: Casey Lins (DRE #01902650) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Andrianna Chakava · Coldwell Banker Realty · MLS #24360695 · Source: CRMLS
About this property
Zoned for commercial, industrial, and residential! We are pleased to present a 100% vacant land development opportunity located at 1516 W 58th St. Los Angeles, CA 90062! Totaling +/-4,281sfof LACM zoned land with and Tier 1 TOC, there's potential for a developer to execute on either a market rate residential development, affordable housing development, or even a contractor needing a yard space for storage. As a 100% affordable ED1 development, there's potential for a 20-25 unit development with no parking requirements with an affordable stick on grade type construction. With its close proximity to the 110 Freeway and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands, or for a commercial/industrial user needing affordable land to operate their business on. Nearby developments include the installation of the Slauson bike path, which provides significant upgrades for transportation throughout the surrounding community. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.
Listing description from the April 2024 sale, as reported to CRMLS.
Sale history
