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$7,800
0.28 Acres Lot
UPDATED:
12/13/2024 07:14 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
MLS Listing ID 24465535
HOA Y/N No
Year Built 1927
Lot Size 0.276 Acres
Property Description
Seller financing available. 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 $21,170 per buildable door, $82.82 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).
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning C2-1VL-CPIO
Interior
Fireplace No
Building
Lot Description Corner Lot
Story 1
Others
Tax ID 6043004016
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
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Listed by Oron Maher • Maher Commercial Realty
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