Property Description

Rare development opportunity offering approximately 16,800 sqft of land on a flat corner lot (240 feet X 70 feet) across three legally merged lots. The property includes Ready-to-Issue (RTI) plans for a 21-unit apartment project, meaning a buyer can step into a project that has taken over 5 years instead of starting from raw land. Previous structures have been legally vacated and demolished, and graded flat. NO AFFORDABLE HOUSING IS REQUIRED. A buyer may choose to proceed with the existing multifamily plans or investigate other fee simple lots under SB 684 (https://planning.lacity.gov/project-review/shra-senate-bill-684-1123) With the opportunity to build 10 separate fee simple homes at their convenience and schedule as this location is in close proximity to transit and allows for reduced rear setbacks of 4 feet and NO interior lot side setbacks subject to independent verification and city approval. Well located within 1 block of Western Avenue, 2 blocks south of Carson Street, close to public transportation, Harbor UCLA Medical Center, shopping restaurants, schools and 5.5 miles to Redondo Beaches and Pier.

Property Features