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An exceptional opportunity to acquire a high-visibility corner commercial lot totaling 15,268 SF in a thriving and easily accessible Los Angeles location. This property combines immediate income potential with strong long-term development upside, making it ideal for investors, developers, and owner-users.Currently improved with two income-producing tenants occupying approximately 1,800 SF and generating $2,400 per month, the property delivers steady cash flow while plans advanceor can be delivered vacant for full redevelopment. If the new owner elects to lease the property, there are qualified tenants ready to step in, offering seamless occupancy and immediate income continuity.A major value-add highlight: the site is approximately 60% RTI (Ready-To-Issue) for permits to construct a 4-story, 87-unit apartment building designed for supportive housing. With significant progress already completed, this project offers a head start toward groundbreaking and positions the next owner to meet growing community housing needs while capturing substantial development potential.With roughly 13,468 SF of open land remaining, this property provides outstanding flexibility, visibility, and long-term upside. Developers can leverage existing income during the entitlement and permitting phases, while owner-users can offset holding costs or reposition the site for their own vision.
Property Type(s):
Commercial
| Last Updated | 3/27/2026 | Year Built | 1950 |
|---|---|---|---|
| Community | C37 - Metropolitan South | County | Los Angeles |
Additional Details
| AREA | C37 - Metropolitan South |
|---|---|
| LOT | 0.3506 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 15272 |
| UTILITIES | Electricity Available |
Location
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Listed with Realty Group Advisors
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.
This IDX solution is (c) Diverse Solutions 2026.
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