8810 S Central Avenue, Los Angeles, CA 90002
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Listed Price :
$1,050,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property Description
Motivated Seller. Ownership will consider all reasonable offers. Site is available for lease at $7,800/month. 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. The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process. 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 $22,340 per buildable door, $87.40 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).
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
8810 S Central Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90002 |
| County |
Los Angeles |
| Listing Agent |
Oron Maher DRE #01299093 |
| Courtesy Of |
Maher Commercial Realty |
| List Price |
$1,050,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
12,014 |
Listing information courtesy of: Oron Maher, Maher Commercial Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 20th, 2024 at 5:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
