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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. Ideal for a tire shop, car or truck storage, equipment storage, recycling centers, etc. We are pleased to present this unique opportunity to purchase or lease 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).
Property Type(s):
Commercial
| Last Updated | 11/20/2024 | Year Built | 1927 |
|---|---|---|---|
| Community | Metropolitan South | County | Los Angeles |
Additional Details
| AREA | Metropolitan South |
|---|---|
| HOA DUES | 0 |
| LOT | 0.28 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| STORIES | 1 |
| ZONING | C2-1VL-CPIO |
Location
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Listed with Maher Commercial Realty
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