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Listed by Venus Martinez • Redfin Corporation
$ 525,000
Est. payment | /mo
2,559 SqFt
$ 525,000
Est. payment | /mo
2,559 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,559 sqft
Price per Sqft $205
MLS Listing ID CRSB24241158
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 2,559 Sqft
Property Description
Vacant Lot for Sale in Los Angeles – A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and it’s also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Lot Description Corner Lot
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767