19
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$949,000
Est. payment /mo
0.28 Acres Lot
Price Dropped by $46K
8810 S Central AVE Los Angeles, CA 90002
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UPDATED:
01/20/2025 07:09 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24408661
HOA Y/N No
Lot Size 0.276 Acres
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. 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).
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 6043004016
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Special Listing Condition Standard
Listed by Oron Maher • Maher Commercial Realty