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Discover the incredible potential of this R-2, just under 7,000 sq. ft LOT located in the vibrant heart of South Los Angeles. This lot provides an exceptional opportunity for developers seeking to capitalize on the high demand for housing in Los Angeles. The absence of rent control regulations makes it an attractive investment for constructing multifamily units, promising significant rental income potential. *The area is experiencing a surge of growth and development, making it a prime location for new projects and innovative housing solutions. *Proximity to USC: Just minutes away from the University of Southern California, a world-renowned educational institution providing a steady demand for housing from students, faculty, and staff. *Cultural Attractions: A short distance from the upcoming George Lucas Museum of Narrative Art, which promises to be a major cultural landmark drawing visitors from all over. *Transportation Hub: Easy access to the Santa Monica Expo Line, offering convenient public transportation options that connect directly to downtown Los Angeles and the beautiful beaches of Santa Monica. *Sporting and Entertainment Venues: Close to SoFi Stadium, home of the Los Angeles Rams and Chargers, BMO Stadium, and the iconic Crypto Arena, ensuring year-round entertainment and sports events. *LA Live: Situated near the bustling entertainment complex, featuring a range of dining, shopping, and entertainment options. *Don't miss out on this exceptional opportunity to invest in a property that combines strategic location, excellent connectivity, and unmatched development potential. Whether you're a seasoned investor or a visionary developer, this lot is your canvas to create a thriving residential community in the heart of Los Angeles. ***Subject to teardown of existing SFR. Schedule your private tour today!
Property Type(s):
Lot/Land/Acreage
| Last Updated | 1/5/2025 | Community | Park Hills Heights |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | Park Hills Heights |
|---|---|
| LOT | 6940 sq ft |
| LOT DESCRIPTION | Flat, Rectangular Lot, Value In Land |
| LOT DIMENSIONS | 55x126 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| ZONING | LAR2 |
Location
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Listed with Devenio Estates Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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