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8810 S Central Ave

Los Angeles, CA 90002
  • $949,000
  • STATUS: Active
  • ON SITE: 221 Days
  • MLS #: 24-408661
UPDATED: 12 min ago
$949,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process and the ability to build 85 units at $11,165 per door. Seller financing available. Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. Located one block from an upcoming 119 unit affordable housing project by Abode Communities. 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. 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 $20,191 per buildable door, $78.99 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).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T11:42:37.98. 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.
www.deserthouseseekers.com/homes/152454134
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8810 S Central Ave Los Angeles, CA 90002

  • Price: $949,000
  • Status: Active
  • On Site: 221 Days
  • Updated: 12 min ago
  • MLS #: 24-408661
0
Beds
0
Baths
0
½ Baths
0.09
Acres
Neighborhood:
Metropolitan South
County:
Los Angeles
Area:
Metropolitan South
Property Description
The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process and the ability to build 85 units at $11,165 per door. Seller financing available. Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. Located one block from an upcoming 119 unit affordable housing project by Abode Communities. 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. 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 $20,191 per buildable door, $78.99 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).
Exterior Features

Cross Streets S. Central Avenue & E. 88th Street Lot Location Alley Access Lot Size Area 12014 View Description None View YN No

Property Features

Cable YN No Disclosures Owner Is Listing Agent Potential Usage Tire shopCar or truck storageEquipment storageRecycling center Public Street YN True Sale Type Standard Source Lot Size Area Other Zoning LAC2

Listing provided courtesy of Oron Maher DRE# of Maher Commercial Realty: 310-464-1453.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T11:42:37.98. 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.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210