$700,000
FOR SALEActive1438 W Florence Avenue
Los Angeles CA 90047
840
SF
Commercial
Type
1938
Built
$833/SF
Cost/SF
Listing Agent
Michelle Colbert
Listing Agent
DRE #: 01937337
(888) 652-1314Brokerage: eXp Realty of Greater Los Angeles
Dominick Faraone
DRE #: 01925895
Brokerage: Miller & Desatnik Realty Co.
Location Analysis
About This Property
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
Property Information
Property Overview
Commercial
Property Type
Active
Status
LAC2
Zoning
0.1355 acres
Lot Size
840 SF
Square Footage
$833.33/SF
Price per SF
1,938
Year Built
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Investment Metrics
Data not available.
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CRMLS
MLS# 26102600
Listed:
Nalren refreshed:
Last updated
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Listed by: eXp Realty of Greater Los Angeles
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Advertising Broker: Nalren Corp (CA DRE #02423715)
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Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.