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Investor Goldmine in South LA - R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU "” delivering up to 4 legal rental units without needing a variance. But it gets even better: SB 9 Eligible: Qualifies for lot split under California's SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs "” up to 8 units total. Development Summary: "¢ Current Zoning: LAR2 (Residential - 2 Units by right) "¢ Lot Size: 5,434 sq. ft. "¢ Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units "¢ Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units "¢ Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: "¢ Average Rent (2-bed units in area): $2,200-$2,500/month "¢ Full 4-unit config projected gross income: $105,000-$115,000/yr "¢ 8-unit SB 9 config potential: $200,000+/yr gross rents "¢ Cap rate potential (renovated new build 4-8 unit): 6-8%+ depending on cost basis and construction type "¢ ADU cost per unit: Est. $120-$200/sq. ft. (stick-built or prefab) ?? Local Market Insight: Investors are aggressively repositioning nearby properties with the same lot size and zoning "” converting SFRs into income-generating 4-plexes and 6-plexes. Recent comps in 90011 show similar properties selling post-development for $900k-$1.25M+, especially if delivered fully leased. Why This Lot Stands Out: "¢ Zoned R2 w/ flexible multi-unit build options "¢ SB 9 eligible - split the lot, double the density "¢ 4-8 unit potential = high cash flow, big resale margin "¢ Flat, buildable lot near USC, DTLA, Expo Line Final Word: Whether you're a seasoned developer or first-time investor, this is your rare chance to acquire a multifamily development site with strong ROI, clear entitlement path, and tons of upside in South LA's hottest pocket.
Property Type(s):
Residential Income
| Last Updated | 9/26/2025 | Year Built | 1906 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | C34 - Los Angeles Southwest |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 5432 sq ft |
| LOT DESCRIPTION | Landscaped, Near Public Transit, Paved |
| PARKING | Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Craftsman |
| UTILITIES | Electricity Connected, Natural Gas Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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