Property · 2 recorded sales since 2024
Listing Agent: Oron Maher (DRE #01299093) · Listing Office: Maher Commercial Realty · Contact: 310-464-1453 · Bought with: Nickolas White · Seven Gables Real Estate · MLS #24346077 · Source: CRMLS
Owner is motivated. We are pleased to present this unique opportunity to purchase an +/- 4,160 square foot buildable lot zoned C2-1VL-CPIO which is currently under utilized. The property has remnants of an old building that was burned in a fire, not usable in its current condition. This is a land sale. The site is located near the signalized corner of S. Western Avenue and W. 67th Street in South Central Los Angeles. Using the TOC menu, a developer can build a +/- 18-unit development site. As an 100% affordable project, a buyer can build at least 19 units, or more if they chose to utilize the full height restriction of 78 feet. This is a very good value at only $21,000 per buildable door as an 100% affordable site and $22,166 per door as a TOC mostly market-rate site. Great location just one block from Mann UCLA Community School, serving middle school and high school students grades 6-12, and next to Inglewood's highly in-demand neighborhoods of Hyde Park and Morningside Park. Easy access to the 110 Freeway, as well as the option to access the east-west 10 and 105 Freeways.
Listing description from the March 2024 sale, as reported to CRMLS.